Union Properties: Where Innovation Meets Real Estate Excellence

Union Properties has emerged as a pathfinder in the UAE property development sector, establishing a name with commitment to excellence and innovation. With its headquarters located in Dubai, the company listed on the bourse has given much to shape the skyline of one of the world’s fastest-growing cities. With over 6,000 employees, Union Properties has delivered more than 10,000 residential, commercial, and retail units, changing the face of the real estate territory of Dubai.

Union Properties was started as Union Property Private Limited in the year 1987 as a Company to be the real estate leader in UAE. The company went on the list of Dubai Financial Market in 1993 and has become a popular destination, marking a big milestone in its journey. Over the past few years, Union Properties has built a comprehensive portfolio that features some of the most iconic and recognizable structures within Dubai city, like UP Tower, Index Tower, Limestone House, and the internationally known Dubai Autodrome. The successful completion of these projects has not only enhanced the architectural beauty of Dubai but has also contributed to the economic growth and development of this city.

Portfolio and Subsidiary Diversity

Union Properties’ portfolio is rather variant due to its diversified nature in the real estate industry. The flagship projects developed by Union Properties are:

• UP Tower: Luxury mixed-used development, as it is so called, living defines modern architecture.
• Index Tower: Iconic building, both living and commercial spaces plus great views over the city.
• Limestone House: Luxurious residential, as it has received the name, classy and high quality in design.
• Dubai Autodrome: A multi-purpose facility for motorsport events.

It has also established five subsidiaries including Serveu, Dubai Autodrome, EDACOM, The FITOUT, and GMAMCO. These subsidiaries have complemented the capabilities of the company in carrying out its operations with a versatile set of services, capable of fitting as many market needs as possible.

Union Properties was also the subject of news lately when it sold its 50 percent stake in Emirates District Cooling (Emicool) to Dubai Investments for 500 million Dirhams in 2018. This tactical move was also aimed at the restructuring of the debts of this company and maintaining significant emphasis on its core business. Last year, Union Properties extended its reach further as it took a stake in Egypt’s Palm Hills Company, which is the underpinning of its diversification plans from the United Arab Emirates’ platform. Apart from quality projects, Union Properties also focuses on sustainable development and corporate social responsibility. The company is active in its pursuit of environmental sustainability and community welfare. Using innovative practices and sustainable building techniques will help Union Properties significantly reduce its footprint on the environment but contribute to the welfare of the communities it services.

Union Properties is well set for that wider share of the gradually ever-increasing pie in high-quality real estate. As a company currently focused on innovation, sustainability, and high standards for customers, Union Properties will play a very central role in shaping the future of the United Arab Emirates’ real estate market. Through new projects and partnerships that they come up with, Union Properties continues to live up to its vision of building iconic developments that really enhance the lifestyle of residents and visitors alike.