More new offices, apartments and hotels to be built in Dubai Motor City

12.11.2017

If you haven’t yet considered buying a home or renting an office in Dubai Motor City district, well, now it's about time: major transformation is planned to eventually effect in real estate price growth in the area.

One of the biggest Dubai developers Union Properties (UP) is working over a large-scale construction project, which is about to transform the entire infrastructure in Dubai’s popular area of ​​Motor City. This plan is set for launch at the beginning of next year with a revised general plan for the area in place, including its territory expansion. Union Properties has signed a Memorandum of Understanding (MOU) with the Chinese State Conctruction Engineering Corporation (CSCEC) on the joint development of new projects in Motor City having a total value of about AED 8 billion.

According to Nasser Butti Omair Bin Yousef, the Head of UP, new master plan implementation for the area will take four years and will require at least AED 2 billion of investments annually: " The first phase will be the Vertex, at the heart of the new master plan, 75 storeys high,” says Bin Yousef. “This will become the landmark of Motor City.” "This will be a new milestone in the development of Motor City," he added.

The Vertex will consist of five towers, one of which will accommodate a five-star hotel, and the rest will house serviced residencies and hotel apartments.

This project will add more than 11,500 new units in 44 low-rise and high-rise buildings, plus another 150 villas to Dubai’s residential stock. Business representatives will appreciate the opportunities for investments in commercial real estate in Motor City: more than 300,000 sq.m. of space there will be given to commercial component, including retail spaces.

If you are interested in investing in hotel apartments capable of bringing up to 8 per cent annual ROI, or looking to buy/rent an office, residential or commercial property units directly from Union Properties and other Dubai developers, with no extra commissions included, please, kindly contact Oleg LAVRIK on:

0502528188 (Viber, WhatsApp, Telegram, IMO)

IMEX REAL ESTATE BROKER LLC UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Tel. +971 4 395 1911 / Fax: +971 4 395 1912

Email: oleg@imexre.com

Skype: resident69

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