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8/7/25, 9:44 AM Union Properties’ ServeU acquires House Keeping in AED 100m deal - Mubasher Info

Union Properties’ ServeU acquires House Keeping in AED 100m deal

Union Properties
06 August 2025 11:13 PM
UPP
UPP
0.71% Dubai – Mubasher: Union Properties, through its subsidiary the facilities management (FM) solutions provider
0.85 0.01 ServeU, has carried out a strategic acquisition of House Keeping and House Keeping Domestic Workers, including
their subsidiary.
The deal was valued at AED 100 million, in a move to expand market reach and reinforce ServeU’s robust market position as one of the UAE’s
most trusted FM service providers in the country, according to a press release.
Under the terms of the acquisition, House Keeping and its affiliated entities will retain their brand identities while operating under the full ownership
and strategic oversight of ServeU.
The alliance is projected to have a positive impact on ServeU's financial results effective from August 2025, contributing around 23% to revenue and
boosting EBITDA by 33% of ServeU.

CEO and Board Member of Union Properties, Amer Khansaheb, said: “This acquisition represents a pivotal step in advancing our long-term
growth agenda.”

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