Union Properties to Unveil AED2.5 Billion ‘Avenue District’ at Cityscape Global 2018
New lifestyle destination represents significant milestone in Motor City Phase 2 development . Mixed-use lifestyle destination to offer over 1 million sq ft of retail space
Dubai-UAE: 1 October, 2018 – Union Properties, the UAE real estate developer with a 30-year track record of delivering iconic residential developments, will unveil Avenue District, a mixed-use urban lifestyle destination that is part of the Dubai Motor City Phase 2 development, at Cityscape Global 2018.
The flagship project, at an estimated investment of AED2.5 billion, is another significant milestone in the company’s commitment to delivering best-in-class community living experiences.
Visitors to the exhibition, set to run from October 2 to 4 at the Dubai World Trade Centre, will get an exclusive preview of Avenue District at the Union Properties stand, and can register their interest in the project.
Ahmed Yousef Khouri, Managing Director and Board Member of Union Properties, said: “Union Properties supports the UAE leadership’s vision of developing sustainable, holistic living experiences that promote a healthy and happy lifestyle. 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.”
Avenue District, aspiring to be ‘different every day’, is a unique neighborhood spanning over two million sq ft, and will feature an eclectic mix of elegantly designed residential units, and the flagship One Avenue Mall. The lifestyle-focused retail venue spanning more than one million sq ft, will boast a diverse F&B mix, and feature entertainment and retail options.
The first residential community in Avenue District, 313 Avenue, will comprise 67 studios, 156 one-bedroom apartments and 166 two-bedroom apartments. The contemporary low-rise community is set to offer the finest in leisure, dining, entertainment and sport facilities to residents in the area. In addition, residents can also benefit from a 52,000 sq ft retail center situated conveniently at the ground level of the building, ensuring that provisions and retail needs are easily met.
The eye-catching Rubik, another residential development in Avenue District, promises to be a uniquely designed structure, comprising studios, one-, two- and three-bedroom apartments. Contemporary and minimalistic in style, the residents will have access to a large fitness center overlooking the swimming pools below.
Avenue District will also be home to the ultra-modern 100,000 sq ft BMW and MINI showroom. The first automotive dealership to open in the area will feature glass panels allowing a full view of the workshop area. The facility will use special materials to reduce energy consumption and emissions, and incorporate recycling techniques for water, oil and batteries to achieve full compliance with Dubai Municipality’s sustainability regulations.
Located within the Phase 2 expansion of Dubai Motor City, Avenue District will be bisected by Sheikh Mohammed Bin Zayed Road (E311) and Al Qudra Road that feed onto Sheikh Zayed Road (E11) via Umm Suqeim Street, allowing ease of access to Dubai International Airport and Dubai Expo 2020.
Motor City is the ultimate entertainment destination, spanning over 38 million square feet and is located on Mohammed bin Zayed Road within 15 minutes from key landmarks in the city. The highly accessible ‘city within a city’ comprises six districts, each encompassing a unique destination, such as Dubai Autodrome, One Avenue Mall, The Ribbon, UPTOWN and Green Community Motor City.
The upcoming edition of Cityscape Global, the largest real estate investment and development event for emerging markets worldwide, is set to attract over 30,000 visitors. Popular with international and regional investors, the exhibition also draws the participation of globally acclaimed architects, designers, leading real estate consultants and other industry experts.
About Union Properties
Since its formation in 1987, Union Properties has firmly established itself as a leader in the UAE property development market. The publicly listed company with headquarters in Dubai currently employs over 6,000 people. Instrumental in developing some of Dubai’s most iconic projects, Union Properties has overseen the successful delivery of over 10,000 residential, commercial and retail units in the city. The company’s extensive portfolio includes UP Tower, Index Tower, Limestone House, Dubai Autodrome, Green Community and Uptown Mirdif.
In 2017, Union Properties announced phase 2 masterplan for Dubai Motor City. Comprising a wide range of residential properties, recreational facilities and business units, the development is also home to Dubai Autodrome, the UAE’s first fully integrated multipurpose motorsports circuit.
Union Properties has 11 subsidiaries including facilities management firm Serveu and interior company The FITOUT.