Dubai – Mubasher: Union Properties on Monday announced it is planning to unveil its latest flagship project Avenue District with nearly AED 2.5 billion in investment at Cityscape Global 2018.
The mixed-use urban lifestyle destination is part of the Dubai Motor City Phase 2 development, the UAE real estate developer added in a statement.
The Dubai-based property developer aims at delivering “best-in-class community living experience” through Avenue District, according to the statement.
“Union Properties supports the UAE’s leadership’s vision of developing sustainable, holistic living experiences that promote a healthy and happy lifestyle,” managing director of the company Ahmed Yousef Khouri commented.
“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,” Khouri added.
In September, Union Properties denied plans to merge with another real estate firm in Dubai.
It is worth noting that the company last reported a net profit of AED 207.4 million during the first six months of 2018.
