DAMAC has launched a new exclusive residential project - DAMAC Lagoon
Union Properties PJSC, one of the most trusted names in residential and commercial development across the UAE, has just revealed an exciting addition to the vibrant area of Motor City. The brand new project is Motor City Hills and its first phase is set to deliver 415 unique three-storey townhouses by Q3 2024, amid a spike in demand for spacious properties in Dubai. There are two types of residences available for sale, ranging between 2,500-3,000 sqft, for the starting price of AED 1.7M (USD 490K). Spanning across 1 million sqft, Motor City Hills is the first project of its kind in the region and it is designed to accommodate family needs with the highest specifications and standards.
Besides 4 bedrooms and a maid’s room, each generously sized townhouse will boast a terrace, a private garden, a provision for a lift and two private parking spaces. All bedrooms come with en-suite bathrooms, while 3 master bedrooms feature walk-in closets as well. The Motor City Hills properties are sold unfurnished, providing owners with an opportunity to customize their home in accordance with their personal preferences.
This long-awaited AED 500M (USD 136M) project is conveniently located on a plot of land owned by Union Properties in the heart of Motor City and it plans to include numerous world-class amenities for the utmost comfort of its residents. Thus, Motor City Hills will feature a swimming pool and a children’s pool, a playground and a clubhouse, which will provide various activities for adults and children. Moreover, to bolster an active and healthy lifestyle in the community, there will also be a mini football court, an outdoor gym, a tennis court, a running track and a basketball court.
To make housing affordable for everyone, Union Properties offers an attractive seven year payment plan, of which four years are post-handover. Meanwhile, service charges are about AED 2-3 (USD 0.5) per sqft and are to be paid quarterly.
In addition to that, it is possible to resell the property after 30% of its value has been paid and to transfer the payment plan to the next buyer. Properties in Motor City Hills are also an attractive option for commercial investment, as a minimum rental return is set at approximately AED 150K (USD 41K) with an estimated ROI of 6% per annum.
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