For Union Properties, it marks the end of a financial recovery journey and the beginning of a new phase focused on innovation, stability, and long-term investor confidence. The company has its sights set on expansion, and MotorCity, a colourful and developing district, is the epicentre of this strategic initiative.
Union Properties Secures $190M Deal.
Union Properties, a prominent Dubai-based developer listed on the Dubai Financial Market, has signed a conditional sales agreement worth AED700 million ($190 million). The deal is a significant milestone, demonstrating investorsβ trust and fulfilling the companyβs long-term strategy of correcting its financial situation and aiming to reposition itself as a future real estate giant.
This deal highlights the end of a multiyear recovery plan to stabilise, consider the financial position, and find a solution to the debt. It also forms the basis of new momentum in the Real Estate Project in Dubai, especially in high-value, multi-purpose regions such as MotorCity.
Key Real Estate Project Overview
The project is a 190-million-dollar project pivoting on developing Motor City, a mixed-use master community with a themed approach to lifestyle, entertainment, and connected urban life. A residential community, motorsport-themed business district, and extensive recreational facilities have made Motor City one of the more unique urban slums of Dubai.
In this real estate contract, there will also be deferred payment provisions, which will allow the capital inflows in the long process with less stress on the current finances. Union Properties has already received the initial deposit, securing confidence in both liquidity and delivery timelines. The monetary benefits of this trade will be seen in the Q4 2025 figures of the company, which should further give a massive boost towards their bottom line and image as seen by investors.
Strategic Partnership and Investment Details
This will be a sale and a continuation of a broader shift. Union Properties has been steadily monetising land assets and enhancing operational efficiencies. The company reported AED1.3 billion in plot sales in 2024, and it is thus in this capacity that the company is able to mobilise and carry out the present deal worth AED190 million.
The pact will also see the company get rid of all leftover legacy debt, a key milestone that the company has been working towards achieving over the past few years through strategic restructuring. Such profits will enable the company to reinvest in high-return projects without worrying about the old financial debts.
Engineer Amer Khansaheb, CEO and Board Member of Union Properties, noted:
βThis is not a sale; this is an indication of power. We close our recovery plan, pay off all the remnants of the past, and start on another daring adventure of a new phase.β
Additionally, the dealβs deferred nature gives Union Properties the flexibility to focus on long-term asset creation rather than short-term returns.
Impact on Union Propertiesβ Growth Strategy
The fact that this deal was carried out successfully can be taken as a sign that strategies, debt repayment and interest are no longer the main priority but rather a focus on values. With no remaining liabilities to constrain its roadmap, Union Properties is now prioritising long-term profitability, diversified investments, and enhanced stakeholder value.
The company has already indicated Motor city as one of the key areas of its focus in future projects, making it a more attractive investment as a sustainable and mixed-use hub in the context of the urban vision. The current investments focus on high-density residential, commercial, and retail structures, which are major components of rental and capital appreciation in the future.
Khansaheb is stronger today than ever, with a strategic minimum of a long-term value creation pot, an essential and sustainable imprint on the Property Development in Dubai. It is not only more but better: better places, better implementation, and better livability of the whole portfolio.
