Union Properties PJSC, a prominent real estate developer in the United Arab Emirates, has officially commenced its latest ambitious project, 'Mirdad', in Dubai Motor City. The AED 2 billion development marks a significant milestone in the company's strategic growth plan, emphasizing innovative master planning and architectural excellence.

Located in the heart of Motor City, 'Mirdad' is designed to offer modern, connected, and sustainable living spaces. The project will feature four elegantly designed towers, comprising 1,087 units, including luxury lofts and stylish apartments. Residents will enjoy abundant natural light, panoramic views, and smart design features.

The development is set to provide a holistic lifestyle experience with over 26 curated indoor and outdoor amenities. Smart building technologies, green spaces, and energy-efficient materials will be integral to the project's design, along with 647 EV charging-equipped parking spaces out of a total of 1,294.

Strategically positioned between Al Maktoum International Airport and Dubai International Airport, 'Mirdad' offers urban convenience and lifestyle appeal, making it an attractive option for both residents and investors. The project aims to contribute to Dubai's vision for future-ready, liveable communities, with completion expected by Q4 2028.

For investors, Union Properties' 'Mirdad' project represents a promising opportunity. The company's focus on sustainability and modern urban living aligns well with current market trends, potentially offering long-term returns. However, given the project's long timeline and the dynamic nature of the real estate market, it is advisable to adopt a 'hold' strategy for Union Properties' stock at this stage.