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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 headquartered in Dubai, United Arab Emirates. Established in 1987 as Union Property Private Limited, [3] the company was listed on the Dubai Financial Market in 1993. Notable projects undertaken by Union Properties include The Index apartment and 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:
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