Union Properties Public Joint Stock Company
UPP.AE
Dubai Financial Market0.70
AED
+0.01
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Union Properties Public Joint Stock Company
UPP.AE
(Dubai Financial Market)
Recent
price
0.70
P/E
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Union Properties Public Joint Stock Company (UPP.AE) invests in, develops, manages, and maintains real estate properties in the United Arab Emirates. The company operates through four segments including Real Estate Property Management; Contracting Activities; Investing Activities; and Sales of Goods and Services, with a project portfolio encompassing master communities, residential developments such as apartments and townhouses, commercial properties, hospitality assets, and industrial projects; it also provides facilities management, security, mechanical, electrical and plumbing works, energy management services, central air-conditioning manufacturing, fire fighting equipment assembly, cold storage and warehousing, motor racing track building and consultancy via Dubai Autodrome, interior decoration, lifeguard services, and owners association management. Founded in 1987 and headquartered in Dubai, United Arab Emirates, Union Properties focuses its operations primarily within the UAE, particularly in Dubai regions like Dubai Investment Park, Motor City, Green Community, and Uptown Mirdif, targeting end-users, investors, and commercial clients across residential, leisure, and infrastructure sectors; subsidiaries such as ServeU support integrated facilities management. In recent developments, the company launches the AED 2 billion Takaya project in Motor City featuring three residential towers with 788 homes, a 500-meter shopping boulevard, and wellness spaces; completes a AED 700 million sale agreement for a Motor City real estate project under deferred payment terms to close legacy debt restructuring and boost Q4 2025 financials following AED 1.3 billion in 2024 plot sales; secures AED 150 million in new bank loans for investments while reducing financing costs and legacy debt; and through ServeU, acquires House Keeping LLC and House Keeping Domestic Workers LLC for AED 100 million in August 2025, enhancing facilities management with added manpower services projected to contribute 23% to revenue and 33% to EBITDA.