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Union Properties, Dubai’s leading real estate developer, announced the completion of several operational improvements as part of its ongoing transformation strategy to create maximum value for homeowners, residents and shareholders.
In order to improve the overall efficiency and productivity of the business, Union Properties has consolidated three business units – Edacom Owners Association Management, Uptown Mirdif and Al Etihad Cold Storage under the Edacom banner to facilitate asset management.
According to Union Properties, the merger aims to improve the profitability of the business through better use of resources and assets, and rationalization of costs. Further cost savings will result in a one-time savings of over AED7 million over the next 12 months.
Additionally, Dubai developers have launched extensive infrastructure initiatives in their communities, including the installation of solar panels, LED conversion schemes, smart waste management and major technology updates such as the deployment of computer-aided facility management (CAFM) systems for B2B and B2C Customer operation.
Through a partnership between subsidiary Edacom and ServeU management, its flagship development Motor City has also achieved savings of up to 30%.
It added that the collaboration, which aims to save more than 60% of costs by the end of the year, involves Edacom and ServeU implementing various green energy projects.
Meanwhile, Union Properties said it has begun design and engineering work on major infrastructure upgrades within the Motor City as it continues to focus on delivering a superior customer experience and creating greater value for homeowners and residents.
These enhancements include upgraded building management control systems, landscaping and lake reconstruction, and more, it added.
Amer Khansaheb, Board Member and Managing Director of Union Properties, said: “These achievements mark an important step forward in our continued implementation of our transformation strategy focused on restructuring the business and creating greater opportunities for our homeowners, residents and shareholders. value.”
“We continue to implement a business transformation culture aimed at improving the overall efficiency and productivity of the business through better use of resources and deployment of advanced technologies,” he added.-TradeArabia News Service
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