Union Properties, a leading Dubai property developer, has completed several operational improvements as part of its ongoing turnaround strategy to deliver maximum value for homeowners, residents and shareholders.
The developer has merged its three business units, Edacom Owners Association Management, Uptown Mirdif, and Al Etihad Cold Storage under Edacom for easy asset management in an effort to increase overall business productivity and efficiency.
According to Union Properties, the consolidation is designed to drive profitability for the business through better utilization of resources and assets as well as cost rationalization. Further cost savings will achieve a one-time cost saving of over $2 million within the next 12 months.
Additionally, the Dubai developer has introduced a wide range of infrastructure initiatives across its communities, including the installation of solar panels, LED conversion plans, smart waste management, and major technological updates such as the deployment of computer-aided facility management (CAFM) systems for its B2B and B2C customer operations.
Mr. Amer Khansaheb, Board Member and Managing Director of Union Properties said that “These achievements mark an important step in the ongoing delivery of our turnaround strategy that is focused on restructuring operations and generating greater value for our homeowners, residents and shareholders. We continue to implement a business transformation culture aimed at improving the overall efficiency and productivity of the business through better utilization of resources and deployment of advanced technology.”
Meanwhile, it has also achieved up to 30 percent savings at its flagship development, Motor City, through subsidiaries’ collaboration between the management of Edacom and ServeU. The collaboration which targets more than 60 percent cost savings by year-end involved Edacom and ServeU implementing various Green Energy Projects.
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