Dubai, October 6, 2008: Union Properties PJSC (UP), one of the leading property developers in the United Arab Emirates and a 2008 recipient of the Mohammed Bin Rashid Al Maktoum Business Award for Real Estate Development is showcasing its current developments Index, Limestone and its signature ‘MotorCity ®’ at Cityscape Dubai 2008. The company has announced that it will develop an area of 5,000,000 sqft of high street retail, commercial and hospitality in MotorCity ®, a development based on a unique automobile and motor sport theme that includes residential, business and leisure opportunities. The project’s construction has commenced and is due for completion in 2010.
“We are delighted to announce the development of the unique high street retail, commercial and hospitality area within MotorCity ®,” said Simon E. Azzam, Chief Executive Officer, UP. “The new development will include a total of 11 buildings that will stretch through MotorCity ®.”

“Business and leisure are important factors that enhance any development and in the case of MotorCity ®, the new high street retail, commercial and hospitality areas will complement the existing residential, commercial and leisure components,” commented Azzam. “MotorCity ® is our latest addition to UP’s brands, it is in fact ‘a city within a city’ with five project components that includes: Dubai Autodrome, F1-X Dubai, Business Park MotorCity and its two residential components of UPTOWN MotorCity ® and Green Community MotorCity ®.”

With easy access from the MotorCity ® interchange, the high street retail, commercial and hospitality area will stretch through MotorCity ®. The buildings along this stretch will vary from four to ten storeys in a total Built Up Area (BUA) of 5,000,000 sqft, and total leasable area of 2,250,000 sqft with 4000 basement parking spaces and 800 surface parking spaces.

The retail area will comprise of 600,000 sqft space with a retail mix that will include boutique outlets, anchor stores, department stores, food & beverage, hypermarket, fashion & apparel stores, jewelry, furniture and home accessories, entertainment and specialty stores. Office space will cover an area of 1,550,000 sqft for small to medium sized offices starting from 1,000 sqft up to 10,000 sqft. The hospitality space will account for boutique hotels and serviced apartments.

“Our continued participation at Cityscape Dubai is part of the company’s strategy to create local awareness for our development brands, as the exhibition creates a suitable platform to communicate on plans to sustain the development of creative projects as well as to fulfill the market needs,” added Azzam. “Cityscape Dubai has shown considerable increase in serious visitors over the past several years, which indicates the interest the show has received regionally and globally. For UP, it has worked out as good relationship building, awareness for its projects and brand.”

In addition to MotorCity ®, UP is also showcasing Limestone House and Index at Cityscape Dubai. Limestone House, offers an incomparable standard of living focusing on opulence, style and traditional luxury. Index, is an 80 storey multi-purpose tower with state-of-the-art offices for multinational corporations and minimalist designed luxury apartments. Construction on both Limestone House and Index is progressing for an early 2009 completion.

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Union Properties PJSC
Union Properties PJSC (UP), one of the United Arab Emirates’ leading property investment developers, started as Union Property Private Limited in 1987 and floated as a public limited company in 1993. Celebrating over 20 Years of growth, innovation, motivation and attention to detail, UP has an outstanding reputation for professionalism and integrity throughout the UAE, serving public institutions, multinational corporations, the business community and the private sector. Today, Union Properties boasts an annual turnover of more than USD 800 million and projects under construction worth USD 5.5 billion.

UP’s comprehensive range of services include Properties investment and development, project management, interior design and fit-out, property management, facilities management and MEP Contracting tailored to specific needs through its business associates and subsidiary companies. UP’s subsidiary companies include Dubai Autodrome, Speedcar Series, F1-X, The FITOUT, Edara, ServeU, Thermo, GMAMCO and EMICOOL and associates consist of Regus, Marriott Executive Apartments and Courtyard by Marriott.

With over 24 projects, the company has created a portfolio of iconic landmarks in commercial, residential and leisure developments, from high-rise towers to multi-use complexes, hotels and theme parks; such as The Tower, Green Community, UPTOWN Mirdiff, Net.community, Index, Limestone House and MotorCity ®. The success of UP is reflected in the company’s steady growth accomplished by the commitment and loyal support of over 17,000 employees in all fields. This success is built upon six basic principles forming the company’s ethical code; quality, service, innovation, care, trust and diversity.

About MotorCity ®
MotorCity ®, is a development based on a unique automobile and motor sport theme that includes residential, business, sports and leisure opportunities. MotorCity® is in fact ‘a city within a city’ with five project components over a land of approximately 38,000,000 sq.ft., located in Dubailand on Emirates Road.

MotorCity ® Project Components:
F1-X is a Formula One themed leisure destination with something for the whole family. F1-X will cost USD 460 million to build, over an area of 254000 square metres, and is expected to attract well over 1 million visitors in the first year, with plans plans to roll-out globally already underway. F1-X will open its door to the public in early 2009.

Dubai Autodrome - Already operational, the facility features a 5.39 km FIA certified track with supporting services (pit garages, grandstand, race administration, medical centres, etc.). The Dubai Autodrome also includes a kartdrome and a race school. A host of businesses use the track year round for events such as product launches, corporate events and concerts, to name a few.
Business Park MotorCity - offers numerous investment and development opportunities for companies directly and indirectly related to the automotive and motor sport industries. This component of MotorCity will also feature the Automall complex that will include three major buildings connected to each other; a 3 storey showroom, a 38 storey office building and a hotel. The Business Park MotorCity is divided into 3 main districts: The Retail Commercial District, the Auto Commercial District and the Applied Technologies district.
Green Community MotorCity® - Aims to provide a way of life within a working and living secure community which encompasses landscaped gardens, water features, stone streets and walkways in a relatively traffic free environment. It is a family home development that includes luxury villas, family villas, townhouses, and bungalows with luxurious terraced apartments that overlook a lake. The development will be gated and will offer retail opportunities and recreation centres. Construction is due for completion and handover in 2009.
UPTOWN MotorCity® - An apartment development that will provide recreational areas and other community amenities such as parks and schools. The residential units will include a mix of studio, one, two and three bedroom apartments with exclusive 4 bedrooms townhouses in the crescent area. Construction is due for completion and handover in 2009.
Press Information
Sabra Saleh
Public Relations Manager - Union Properties PJSC
Tel: +971 4 806 2494
Mobile: +971 50 732 7020
Fax: +971 4 885 3971
Email: sabra.saleh@up.ae
Web: www.up.ae

Sura Manhal
Public Relations Executive
Union Properties PJSC
Tel: +971 4 806 2497
Fax: +971 4 885 3971
Email: sura.mohamed@up.ae
Web: www.up.ae

Raghda Helal
Account Manager
tamra C2
T : 971 295 11 77 or 050 8467415
Email : raghda@tamra-c2.com

© Press Release 2008 from Tamra - C2