Etihad Real Estate Company announced the laying of the foundation stone for its flagship Takaya project in Motor City, which is estimated at about two billion dirhams. Takaya is a milestone in the journey of Etihad Real Estate, in line with the company’s great ambition to diversify its real estate project portfolio. With a charming view of the Dubai Autodrome, the mixed-use project covers an area of 436,175 square feet and reaches a height of the building facade of 560 meters. It includes three residential towers containing 788 luxury residential units ranging from studios to three-bedroom units, in addition to penthouses, townhouses, villas, and a 500-meter shopping boulevard, which aims to create a vibrant community environment and provide an exceptional shopping experience for residents.
The foundations of the Tkaya project include 995 base supports distributed over 99,000 cubic meters of excavation works (ground works), with a reinforcement limit of up to 500 meters long. These foundational works are expected to be completed within six months. The recent groundbreaking ceremony was attended by Mohamed Fardan Ali Al-Fardan, Chairman of the Board of Directors of Union Real Estate Company, Abdulwahab Al-Halabi, Vice Chairman of the Board of Directors, Engineer Amer Khansaheb, CEO and Board Member, Saif Al-Serkal, Board Member and Abdulrahman Sharaf, Member of the Company’s Board of Directors.