Union Properties Commences AED 2 Billion Takaya Project

Union Properties PJSC (DFM symbol: UPP) is set to revolutionize urban living by commencing its AED 2 billion "Takaya" project in Dubai's Motor City. Designed to redefine the mid-to-high residential segment, "Takaya" aims to deliver exceptional urban living experiences and set a new standard for modern developments in the UAE.

Milestone in Union Properties' Ambitious Portfolio

The launch of "Takaya" marks a pivotal moment in Union Properties' growth strategy. This mixed-use development spans an impressive 436,175 sq. ft. of land and features a roadside elevation of 560 meters. Overlooking the iconic Dubai Autodrome, the project includes three residential towers with 788 luxury units, ranging from studios to 3-bedroom apartments, penthouses, townhouses, and villas. Additionally, residents will enjoy a 500-meter-long shopping boulevard, designed to cater to diverse lifestyle needs. With contemporary designs, spacious layouts, and premium finishes, "Takaya" reflects Union Properties’ vision of delivering upscale living environments.

Advanced Engineering and Development Features

The foundational work for "Takaya" is a testament to the scale and ambition of the project. It involves 995 foundation piles, 99,000 cubic meters of excavation, and a 500-meter-long shoring boundary. This extensive enabling package is expected to be completed within six months, laying the groundwork for a development that promises to redefine urban living.

Groundbreaking Ceremony and Strategic Vision

The groundbreaking ceremony, held on December 20, 2024, was attended by key Union Properties executives, including Chairman Mr. Mohamed Fardan Ali Al Fardan, Vice Chairman Mr. Abdul Wahab Al Halabi, CEO and Board Member Eng. Amer Khansaheb, and Board Members Mr. Saif Al Serkal and Mr. Abdulrahman Sharaf. The event highlighted the company's commitment to supporting the UAE's flourishing real estate sector.

Driving Sustainable Growth in Dubai

"Takaya" is more than just a residential project; it represents Union Properties' strategic focus on delivering cutting-edge developments that align with Dubai's long-term vision for sustainable growth. The project enhances Dubai’s global appeal as a hub for investment and lifestyle excellence by offering innovative urban living solutions.