Union Properties is a real estate development company based in Dubai, United Arab Emirates. The company was formed in 1987 as Union Property Private Limited and was listed on the Dubai Financial Market in 1993. Previous projects include The Index apartment/office building in Dubai and Dubai Motor City. 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. More information...
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