Union Properties PJSC


Union Properties is a real estate development company based in Dubai, United Arab Emirates. The company is known as a Master Developer of both, The Index skyscraper and Dubai Motor City. Union Properties is a public joint-stock company in the Dubai Financial Market. The company also provides a number of services through its subsidiaries in UAE, including leisure and destination development, integrated facilities management and services, owners’ association management, interior projects fit-out, as well as heating, ventilation, and air conditioning accessories manufacturing.
Subsidiary companies also include Dubai Autodrome and Marriott Executive Apartments and Courtyard by Marriott.
Union Properties was founded in 1987 as Union Property Private Limited and became a public joint in 1993 when it has joined Dubai Financial Market.

Union Properties projects as Master Developer

Union Properties participated in developing the following projects as a “Master Developer”:

Neighborhood projects

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The Chairman is Mr. Khalifa Hasan Ali Saleh Al Hammadi, & Vice Chairman is Mr. Fathi Ben Abdul Sattar Ben Grira.
Board Members are:
On January 21, 2018, Union Properties announced that it had sold to Dubai Investment, the multi-investment company, listed on the Dubai Financial Market, its stake of 50% in « Emirates District Cooling LLC » “EMICOOL” for 500 million Dirhams. After this acquisition, Dubai Investments will acquire all shares of EMICOOL 100%. The proceeds of the sale contributed to the enhancement of the activities of the Union Properties and the restructuring of some debts arising from the company.
Union Properties also invested another part in purchasing a strategic stake in Palm Hills Company in Egypt according to the company's financial data for the year 2019 and these returns contributed to the restoration of Stability of the company's cash flow and contribute to revitalizing and focusing on the company's other business, in addition to enhancing the company's financial position and allowing it to complete its other major business.

Sponsoring