Union Properties will start work on the AED1.1 billion The Vertex project by early next year, a company spokesperson told Emirates 24|7.
“The enabling works contract will be awarded by November and we will break ground early next year,” the official said.
The project consists of five towers of between 45 and 30 storeys, which will be linked by a podium. It will house 700 units and 66,000 square feet of retail space. “We will launch one tower as one phase within a gap of six months, respectively. We expect to complete the first tower in early 2018.”
Separately, the developer is also planning to commence work on a new AED430 million residential project, comprising four buildings with 200 residential units, in MotorCity.