Strong financial standing and managerial acumen has enabled Union Properties to secure the best development and investment opportunities in a competitive market. The Property Investment & Development division undertakes high quality commercial and residential projects and identifies market opportunities that are consistent with the investment objectives of both Union Properties and its clients.
This begins with meticulous research, the preparation of detailed feasibility studies, utilising sophisticated investment appraisal techniques, followed by the judicious acquisition of development sites and investments, using a substantial network of field professionals with profound local market knowledge.
With regard to Property Development, the division, with its thorough knowledge of market demands establishes a development brief and ensures optimum interpretation by taking an important role in the selection and co-ordination of an appropriate team of architects, engineers and surveyors.
The division maximises profitability and return on investment by making an important contribution to the value management process during the development phase and by defining and implementing a successful marketing strategy.
The Property Development & Investment division has bottom line responsibility for the profitability of all properties owned by the Company. The department is also in the unique position of being able to draw on the experience of associated companies within the Emirates Bank Group for project finance, insurance and mortgage facilities.