- August 1, 2019
- Posted by: SportsV
- Categories: Home News, Industry News, News, Press Releases
Union Properties, a leading property developer in the UAE and the master developer of MotorCity and the UAE’s first fully integrated multipurpose motorsport and entertainment facility, Dubai Autodrome, announced that it has invested a total of AED 25.5 million towards the development of Dubai Autodrome Business Park project in MotorCity.
Scheduled for completion in February 2020, Phase 2 has already secured 100 percent bookings. This expansion spans an area of 33,900 square feet that is located next to the existing Business Park Phase 1, close to the 5.39-kilometer race circuit at Dubai Autodrome.
Phase 1 is an existing facility comprised of a 54,000-square-foot facility with 12 different units catering to automotive, racing and motorsports-related businesses, including Dragon Racing International, AM Racing, Drive Dynamics, Dream Racing, GP Extreme, Motorsport Wheels, Sabertooth, Energy Dubai, AUH Motorsports, GDL Garage and Porsche BWT GT3 Cup Challenge Middle East.
Marketing and Communications Director at Union Properties, Ahmad Ibrahim, said:
The launch comes as part of our MotorCity Phase 2 development plan. We have seen substantial interest during the launch of Phase 1, and the second phase of the project will be a continuation of our successful destination-led strategy, which has already secured a 100 percent booking of all our units.
Dubai Autodrome General Manager, Faisal Al Sahlawi, added:
Dubai Autodrome’s vision is to continue progressing the automotive industry in the UAE and regionally, and this project showcases our commitment to always bring to market relevant services and products that answer a strong need within the ecosystem. The expansion efforts are propelled by keen market demand for our products and the undeniable success of Phase 1 of the Business Park.
MotorCity by Union Properties offers a blend of entertainment, dining and retail options within a pedestrian-oriented, multi-user environment. The master development encompasses six projects, each with its distinct environment, including Avenue District, Dubai Autodrome, OIA Residence, Uptown MotorCity, Green Community MotorCity and Dubai Autodrome Business Park.
Image, courtesy: Union Properties / Dubai Autodrome
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