Dubai – Mubasher: Union Properties plans to finalise the OIA Residence project in the first quarter of 2018, according to a statement.

Located in the heart of MotorCity, the project has generated higher sales yields due to a high-yielding investment opportunity.

The 269-residential apartment project is valued at AED 450 million ($122.5 billion).

The company’s stock rose 0.9% to AED 1.04 by 9:45am UAE time, generating AED 6.71 million from the exchange of 6.46 million shares.