Union Properties PJSC | |
Company type | Public Joint Stock Company |
Industry | Real Estate Developer |
Founded | 1987 |
Headquarters | , |
Area served | United Arab Emirates |
Key people | Khalifa Al Hammadi - CEO & Chairman of the board[1] |
Services | Real Estate development (Skyscrapers, Towers, Retail, Communities, Low rise residential buildings, Shopping Malls), commercial development, industrial development and Leisure and destination projects. |
Revenue | AED 423 Million (Q3 2019) |
Total assets | 5.9 Billion AED (Q2 2018[2]) |
Number of employees | 5,540 (2020[2]) |
Subsidiaries | ServeU, The FITOUT, Thermo, GMAMCO, Edacom, Dubai Autodrome, EDACOM, Union Holding LLC, Al Etihad Cold Storage LLC, Thermo LLC |
Website | www |
Union Properties is a real estate development company based in Dubai, United Arab Emirates. The company was formed in 1987 as Union Property Private Limited,[3] and was listed on the Dubai Financial Market in 1993. Previous projects include The Index apartment/office building in Dubai and Dubai Motor City.
On January 21, 2018, Union Properties announced that it had sold to Dubai Investment its 50% stake in Emirates District Cooling, or Emicool, for 500 million Dirhams.[4] After this acquisition, Dubai Investments will fully own Emicool. The proceeds of the sale went towards restructuring the debts of the company.[5] Union Properties also purchased a stake in the Egyptian Palm Hills Company in 2019.[6][7]
Accolades include: