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UP confirms AED 1.8 bln projects

UP confirms AED 1.8 bln projects
UPP
UPP
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Union Properties (UP) announced, in a statement to the Dubai Financial Market (DFM), that it has launched projects worth AED 1.78 billion during the first day of the Cityscape Global 2014 exhibition.

UP’s unveiled projects included a five-residential-tower project named The Vertex Towers in Motor City as well as an expansion to its Green Community project in Dubai Investments Park.

The Vertex Towers are to contain 700 two- and three-bed apartments ranging between 80 and 120 sq. m., WAM reported, adding that there will be some duplex units and 66,000 sq. ft. of retail space. UP also revealed that the towers are currently being designed by Agostine and Raphael Group and will be delivered in two phases.

The first will start on site in February 2015, with completion slated for February 2018, UP said, highlighting that the Green Community West scheme will contain 210 villas and 16 two- and three-bed apartments overlooking a lake. It is due to complete in Q4-16.