Projects for Sale by Union Properties

About Developer Union Properties

Union Properties PJSC, established in 1987, has grown into one of the most recognized real estate developers in Dubai, known for its ability to deliver iconic projects that shape the city’s skyline. Initially founded as Union Property Private Limited, the company became publicly traded on the Dubai Financial Market (DFM) in 1993, marking its evolution into a major player in the property development sector.

Khalifa Al Hammadi, the CEO and Chairman of Union Properties, has overseen the company’s transformation, especially in recent years. The developer reported a significant financial recovery in 2023, achieving a net profit of AED 837 mln ($227.9 million), a substantial increase from the previous year’s AED 29.9 million ($8.1 million). This success can be attributed to strategic improvements in governance, financial transparency, and cost management. The surge in the valuation of investment properties further bolstered the company’s financial performance, which strengthened investor confidence in Union Properties’ ongoing projects. The company’s stock has appreciated by over 60% on the DFM, highlighting its strong market position​.

Union Properties operates with a clear vision to be a leader in the UAE real estate sector, offering world-class developments that integrate innovation and sustainability. The company’s mission emphasizes creating valuable and high-quality properties while maintaining transparency and governance across its operations. These principles are reflected in their diverse portfolio, which includes a variety of property by Union Properties that cater to both residential and commercial needs.

Union Properties has developed several iconic projects, including MotorCity, which blends residential, commercial, and leisure components, and Dubai Autodrome, the first FIA-sanctioned motorsport circuit in the region. Apartments by Union Properties are well-known for their modern designs and integration into these unique, master-planned communities. Other notable developments include Index Tower, an architectural landmark in Dubai International Financial Centre (DIFC), and Uptown Mirdiff, a family-focused residential and retail community. The company’s extensive portfolio of property in Dubai has cemented its status as a key player in the city’s real estate market​.

Union Properties continues to expand its portfolio with projects like the AED 1.6 billion ($435.6 billion) Takaya development in MotorCity, which is set to further enhance the company’s offerings in property in Dubai. As a pioneer in the UAE’s real estate landscape, Union Properties remains committed to innovation and sustainability, ensuring that its developments meet the evolving needs of residents and investors alike​.

In terms of recognition, Union Properties has earned numerous accolades over the years, including Property Company of the Year at the Arabian Business Awards and the Best Tall Building in the Middle East & Africa award for Index Tower. These awards highlight the company’s commitment to excellence in real estate development.

The 2023 financial report underlines Union Properties' ability to adapt and thrive in a competitive market. Revenue from customer contracts grew to AED 508 million ($138.3 million), illustrating the company’s consistent ability to deliver high-quality projects. The significant improvement in net profit and debt reduction efforts demonstrate the company’s strong financial health, setting a solid foundation for future developments.

With a strong commitment to governance, transparency, and sustainable development, Union Properties is well-positioned for continued growth. Its diverse portfolio, ranging from luxury apartments by Union Properties to commercial developments, offers a range of opportunities for both investors and residents. The company’s property in Dubai remains highly sought after, reflecting the quality, innovation, and strategic vision that have defined Union Properties since its inception​.

Discover More Developers in Dubai & The UAE

Subscribe to our free newsletter to get early access to pre-launches of new properties in Dubai, Abu Dhabi, Sharjah, Ajman and Ras Al Khaimah. Zero spam.