Dubai investment properties

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One of the UAE's leading property investment developers, Union Properties PJSC, celebrates yet another year of highly professional, totally dedicated service to customers ranging from investors, clients to tenants.

Established in 1987, Union Properties PJSC was then floated as a public company in 1993. The following decade saw consistent economic growth on an impressive scale. In addition, the Company's ability to provide premium turnkey real estate solutions enabled it to benefit from an excellent choice of business partners: investors, developers, designers and property residents. Over the years the Company's consistent results speak for themselves in terms of the net profit, as well as its net assets, worth AED one million in 1987 are today worth AED 3,887 million and growing.

The status of Dubai as an entrepot of the Gulf is a well-known fact and the citizens of this dynamic emirate has cashed in on the same under the patronage, guidance and vision of the rulers and have developed flourishing businesses over the years.

Saif Obaid Al Hathboor - Chairman of the Al Hathboor Group - was one among those early visionaries who spotted the potential of Dubai as a major business hub. His textile business started way back in 1954 reaped rich benefits within a short span of time and subsequently, the advent of oil wealth in the Gulf lead to vast diversification of the business.

Al Hathboor`s first business expansion was in the form of a company dealing in air conditioners and refrigerators, and in the early 70`s, two more units were added - one for motor spare parts and the other was a super market, one of the earliest at that time in Deira locality of Dubai. Saif Obaid Al Hathboor`s business acumen is/was clearly evident from the clever choice of products and this shrewdness helped in rapid business expansion over the years in accordance with the growing industrial/commercial requirements in the U.A.E. / Gulf.