Union Properties
Mid-market. Listed on the Dubai Financial Market.
My view
A comeback story: legacy debt repaid and back to launching off-plan in Motor City. Encouraging, but the new pipeline is young, so I look closely at contractor and escrow on each project.
What I check hardest: Escrow registration and the contractor appointed for the specific project.
The facts
- Who owns it
- Listed on the Dubai Financial Market.
- Leadership
- CEO Amer Khansaheb
- Segment (my read)
- Mid-market
- Known for
- Motor City, Takaya and Mirdad (Motor City)
- Net profit, 2025
- AED 462m Source
- Dividend proposed for 2025
- First in 11 years Source
Sources: Khaleej Times: Union Properties cash dividend and 2025 revenue. Sales figures are each company's own or a published ranking, and are not always like for like: some are group-wide, some Dubai only. Check a developer's project registration and escrow with the Dubai Land Department (or the relevant emirate) before you pay anything.
Where Union Properties is active
Motor City (1).
Current projects
- MirdadAsk about this project
Details come from the developer and change often. Confirm availability, prices, payment plans and handover dates before you act. Locations on the map are shown at community level.
What I check before any Union Properties purchase
- The payment plan. What each instalment is tied to, and what happens if a milestone slips.
- The escrow account. That your payments go into the project's regulated escrow account.
- The record. Past handovers on time, build quality and how snagging was handled.
- The numbers. Price per square foot against comparable projects, service charges and likely rent.
- Your exit. Resale rules, any developer approval needed, and fees on the way out. See the fees guide.
Questions I am asked
Is Union Properties government-backed, listed or private?
Listed. Listed on the Dubai Financial Market.
Where does Union Properties have projects?
On my property map Union Properties has 1 project across 1 area, including Motor City.
When are Union Properties projects due for handover?
The handover dates the developer has given for these projects run from 2028. Dates are the developer's own timelines and can move, so confirm before acting.
How do I check a Union Properties project before buying?
Check the payment plan and what each instalment is tied to, that your payments go into the project escrow account, the developer's record on past handovers, service charges, and whether the price per square foot matches comparable projects. I go through each of these with you before you reserve anything.
Planning to finance this?
Answer three quick questions and GCC Mortgages will come back with what you can borrow and which banks fit, before you commit to anything.
Thinking about a Union Properties project?
Tell me your budget, timeframe and objective, and I will tell you honestly which launches fit and which do not, whether or not that ends up being with me.