Union Properties has announced the expansion of Dubai Autodrome Business Park project in Dubai MotorCity, with a total investment of AED25.5 million.
Work has commenced on the second phase of Dubai Autodrome Business Park which is a purpose-built facility for racing teams and other motorsport related businesses.
According to the statement, scheduled for completion in February 2020, the second phase has already secured 100 percent bookings ahead of construction.
Phase 2 of the project spans an area of 33,900 square feet. It will be located next to the existing phase 1, close to the 5.93km race circuit at Dubai Autodrome.
The first phase comprises of a 54,000 square foot facility with 12 unique units catering to automotive, racing- and motorsports-related businesses.
Ahmad Ibrahim, marketing and communications director at Union Properties, said; “As part of our development plans for our MotorCity phase 2, we are proud to announce that work on the expansion of the Dubai Autodrome Business Park has commenced.”
He added, “We have seen substantial interest during the launch of the first phase and the second phase of the project will be a continuation of Union Properties’ successful destination-led strategy that has already secured a 100 percent booking of all our units.”
Dubai MotorCity Business Park phase 1 is home to major car racing brands such as Lamborghini Trofeo and Porsche, among others.
Faisal Al Sahlawi, general manager of Dubai Autodrome, said, “Dubai Autodrome’s vision is to continually support the motorsport industry in the UAE and region, and this project showcases our commitment to bringing 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.”
Fulya Altunyay/[email protected]