Dubai Union Properties Plans New Project Even Amid Oversupply
- Motor City Hills project to include 195 villas, 490 townhouses
- Dubai’s home values and rents have been sliding for 6 years
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Union Properties PJSC plans to develop a new mixed-use project in Dubai even as an oversupply of homes continues to drag prices lower.
The Motor City Hills development will include 195 single-family homes, 490 townhouses and six commercial land plots, the company said. Union Properties will try to cater to “growing demand” for land plots to build customized and personalized homes, Chairman Khalifa Al Hammadi said.