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6/11/25, 12:06 PM POWER 150: Meet the Middle East’s Most Influential Construction Leaders of 2025 - Construction Week Online

46. Eng Amer Khansaheb

CEO & Board Member
Union Properties PJSC

Union Properties has marked a standout year of progress and profitability under the direction of Eng Amer Khansaheb. In 2024, the
company reported an operating profit of $44 million (AED161.8 million), a 59% increase year-on-year, while total comprehensive
income reached $107 million (AED395 million). This success was driven by disciplined cost control, debt restructuring and strategic
divestments, including $354 million (AED1.3 billion) in land sales. The company repaid $197 million (AED723 million) in liabilities and
cut finance costs by over 70%.
A major milestone last year was the launch of Takaya, a $545 million (AED2 billion) mixed-use development in Motor City. Spanning
over two million sq ft, the project integrates smart infrastructure, green design and affordable luxury housing. Takaya represents the
first phase of Union Properties’ $1.63 billion (AED6 billion) development pipeline.
Under Khansaheb’s guidance, the company has built a robust backlog worth $1.09 billion (AED4 billion) and posted 2024 revenues of
$144 million (AED528.7 million). The group’s subsidiaries—including ServeU, Dubai Autodrome, and The Fitout—also delivered record
performances.
Beyond business growth, Khansaheb has prioritised sustainability and social impact. In 2024, the group implemented significant ESG
initiatives, such as installing over 5,000 solar panels at Dubai Autodrome and launching paperless systems and eco-cleaning robots at
ServeU.
Community-focused efforts also included retrofitting projects that achieved up to 30% reductions in energy and water usage.
Contracts worth more than $16 million (AED61 million) were awarded during the year across Takaya and Dubai Autodrome. These
results reflect Khansaheb’s commitment in driving demand.

“Takaya will feature three residential towers offering 788 units, alongside a 500-metre retail boulevard”

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