Union Properties' Business Park Phase 2 on track for scheduled delivery

Dubai – Mubasher: Union Properties, a leading property developer in the UAE, announced that it has completes 30% of the second phase of Dubai Autodrome Business Park.

Business Park Phase 2 is set to be delivered on schedule in February 2020, according to a press release.

Foundation work at the 100% pre-booked phase 2 has been completed by 95% with progress in the erection of steel structure at 60%, Union Properties highlighted.

The groundbreaking on the Dubai Autodrome Business Park Phase 2, dedicated to racing teams and other motorsport related businesses, took place in June 2019.

The project’s scope of work will cover the construction of two utility buildings comprising seven units spanning an area of 33,900 square metres situated next to Phase 1, the company indicated.

Ahmad Ibrahim, marking and communication director at Union Properties, commented: “The construction work of Dubai Autodrome Business Park Expansion is on track and we expect to complete 50% of the project within the upcoming month as we commit to delivering it in Q1-2020.”

“Securing a 100% booking of all our units before we begin construction reaffirms our successful strategy in supplying the right product in the market, and we are currently conceptualizing the design of Phase 3,” Ibrahim added.

In proximity to the 5.39-kilometre race circuit at Dubai Autodrome, the Dubai Autodrome Business Park project that records a total investment of AED 25.5 million plans for Motor City Phase 2, Union Properties noted.

For his part, Dubai Autodrome’s general manager Faisal Al Sahlawi said: “We aim to continually support the motorsport industry in the UAE and the region. This project presents equipped facilities designed to serve this niche industry and our expansion efforts are driven by strong market demand and the success of Phase 1 of the Business Park.”

Motorcity is a master development by Union Properties that encompasses six projects; namely Avenue District, Dubai Autodrome, OIA Residence, Uptown MotorCity, Green Community MotorCity, and Business Park MotorCity.

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