Dubai-Mubasher: Union Properties said its board approved the financing of Oia project, according to a bourse statement.
The company recently took a loan worth AED 1 billion from local banks to finance its new developmental projects, UP chairman Khalid bin Kalban said.
Earlier in May, the Dubai-based developer announced commencing construction at its Oia Residences project in MotorCity at a total cost of AED 450 million.
