Page 28 - UNION PROPERTIES PR REPORT - November 2024

11/15/24, 1:23 PM Union Properties’ vision for Dubai’s real estate market
Smart, luxurious, and lifestyle-oriented: Union Properties’ vision for Dubai’s real estate
Developer aims to expand its property portfolio over the next 18 months with new
projects valued at AED6 billion

Eng. Amer Khansaheb, CEO and board member of Union Properties PJSC
Published: Tue 12 Nov 2024, 8:42 AM
The real estate sector is an essential component in the United Arab Emirates’ quest for economic
diversification. Thanks to initiatives like Dubai’s Economic Agenda (D33), the country has become
a property hub where affordability, sustainability, and integrated urban living co-exist.
This growth in the country’s real estate sector cannot be more relevant as more people are now
seeking properties beyond traditional homes. Today, we see a growing demand for mixed-use
developments, eco-friendly building practices, and smart technologies. And the trend of wanting
vibrant communities that offer convenience, luxury, and functionality is here to stay.
In this interview, Eng. Amer Khansaheb, CEO and board member of Union Properties PJSC, talks
about how the company is leveraging these trends. He also shares insights into the future of Dubai
and the UAE’s real estate market.
As we are close to the year’s end, how do you anticipate the real estate market in Dubai and
the UAE will evolve in the coming years? What factors will drive its growth and development?
In Dubai and the UAE, we anticipate continued growth in the real estate market, driven by an influx
of tourists and surging commercial activities. The sector is also set to evolve further, influenced by
several key factors, such as the regulatory reforms and the UAE’s efforts to diversify its economy
beyond oil, particularly through initiatives like Dubai’s Economic Agenda (D33).

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