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8/7/25, 9:43 AM ServeU Acquires House Keeping in AED 100 Million Strategic Deal
Home Real Estate ServeU Acquires House Keeping in AED 100 Million Strategic Deal

REAL ESTATE
ServeU Acquires House Keeping in AED 100 Million Strategic

Deal

06 Aug 2025 2 Min Read CW Team
Union Properties PJSC (“Union Properties” or “the Company”) (DFM: UPP), through its subsidiary ServeU, has announced the
acquisition of House Keeping (LLC), House Keeping Domestic Workers (LLC), and their subsidiary in a transaction valued at AED
100 million.

The acquisition strengthens ServeU’s position as one of the UAE’s leading facilities management (FM) companies, enhancing its
capacity to serve diverse sectors including residential, commercial, government and hospitality. With a workforce of over 8,900,
ServeU is expanding its operational capabilities with a focus on innovation, sustainability and service excellence.
Eng. Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties PJSC, said: “This acquisition represents a
pivotal step in advancing our long-term growth agenda. Integrating a leading manpower and domestic workforce provider into our
portfolio not only strengthens ServeU’s operational breadth, but also reinforces our commitment to delivering integrated, people-
centric solutions that meet the evolving demands of our clients across sectors.”

House Keeping (LLC), the UAE’s second-largest provider in its category, adds a workforce of 136 housekeeping professionals and
nearly 8,700 domestic workers. In FY2024, it recorded revenues of AED 221.1 million and an EBITDA of AED 21.4 million—figures
that align closely with ServeU’s strategic priorities of enhancing value, service quality and workforce efficiency.

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