Dubai’s Union Properties launches Dhs2.5bn district within Motor City

Dubai’s Union Properties on Monday announced a new Dhs2.5bn ($680.6m) development within its Motor City master project.

The Avenue District, which forms part of the second phase of Motor City, spans 2 million square feet and includes the One Avenue Mall – a 1 million sqft retail and entertainment centre.

The first residential community within the district, 313 Avenue, comprises 67 studios, 156 one-bedroom and 166 two-bedroom apartments spread across low rise buildings and a 52,000sqft retail centre on the ground level.

Other features of the neighbourhood, located between Sheikh Mohammed Bin Zayed Road (E311) and Al Qudra Road, include the uniquely designed Rubik tower, featuring a mixture of apartments, a fitness centre and swimming pool.

The development will also be home to a 10,000sqft BMW and MINI showroom and workshop that utilises sustainable technologies.

“Union Properties supports the UAE leadership’s vision of developing sustainable, holistic living experiences that promote a healthy and happy lifestyle,” said Union managing director and board member Ahmed Yousef Khouri.

“We are committed to creating vibrant destinations, such as Avenue District, that feature the full spectrum of facilities with a focus on leisure and entertainment.”

The announcement comes after Union unveiled a new Dhs8bn ($2.18bn) master plan for Dubai Motor City in September 2017 and awarded a construction contract to China State Construction Engineering Corporation.

The plan comprises 18,000 units in total across 44 high and low rise buildings, more than 150 villas and residential, commercial, entertainment and hospitality facilities.

It is expected to include 11,500 residential units, 3,000 serviced apartments, 3,500 hotel rooms, 46,000 square metres of retail space and more than 300,000 square metres of office space.

Read: Dubai’s Union Properties announces new mall, hotels as part of $2bn MotorCity project

Last week, Union denied reports that it was in talks to merge with rival developer Deyaar after a previous deal between the two fell apart during the financial crisis.

Read: Dubai’s Union Properties denies reports of merger