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Union Properties offers three flexible leasing and buying options for properties
Union Properties PJSC (UP), one of the leading property developers in the United Arab Emirates, and a 2008 recipient of the Mohammed Bin Rashid Al Maktoum Business Award for Real Estate Development, is offering flexible leasing and buying opportunities for its residential and commercial properties by giving potential residents and businesses the option to rent, own or rent-to-own.
- United Arab Emirates: Monday, November 17 - 2008 at 14:59
- PRESS RELEASE
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Lesley Sayle, Chief Property Officer, UP, said:
'UP initially introduced the Rent To Own scheme over four years ago to support the sales at the first Green Community project.'
'It was a plan that was successful and by reintroducing the rent to own scheme, we are giving residents and businesses the flexibility to plan for their homes and office space. These options will allow people to rent, own, or rent-to-own in any of our residential and commercial properties in INDEX, Limestone House and MotorCity giving them three distinctive choices depending on their requirements and circumstances,' Sayle added.
UP has built its roots with a strong rental portfolio which has been possible due to the company's business model that secures a reasonable portion of the developments in order to also cater to the growing rental segment. Currently, the property management division of UP manages Dhs2.2bn worth of properties owned by UP and are rented on a short to medium term basis.
See Also
Log in to request more information from Union Properties (UP)
Notes and media contacts
For more information on the three options offered, call the toll free number 800-UPSALE.
About Union Properties PJSC:
Union Properties PJSC (UP), one of the United Arab Emirates' leading property investment developers, started as Union Property Private Limited in 1987 and floated as a public limited company in 1993. Celebrating over 20 Years of growth, innovation, motivation and attention to detail, UP has an outstanding reputation for professionalism and integrity throughout the UAE, serving public institutions, multinational corporations, the business community and the private sector. Today, Union Properties boasts an annual turnover of more than $800m and projects under construction worth $5.5bn.
UP's comprehensive range of services include Properties investment and development, project management, interior design and fit-out, property management, facilities management and MEP Contracting tailored to specific needs through its business associates and subsidiary companies. UP's subsidiary companies include Dubai Autodrome, Speedcar Series, F1-X, The FITOUT, Edara, ServeU, Thermo, GMAMCO and EMICOOL and associates consist of Regus, Marriott Executive Apartments and Courtyard by Marriott.
With over 24 projects, the company has created a portfolio of iconic landmarks in commercial, residential and leisure developments, from high-rise towers to multi-use complexes, hotels and theme parks; such as The Tower, Green Community, UPTOWN Mirdiff, Net.community, Index, Limestone House and MotorCity. The success of UP is reflected in the company's steady growth accomplished by the commitment and loyal support of over 17,000 employees in all fields. This success is built upon six basic principles forming the company's ethical code; quality, service, innovation, care, trust and diversity.
For Press Information:
Sabra Saleh
Public Relations Manager
Union Properties PJSC
Tel: +971 4 806 2494
Fax: +971 4 885 3971
Sura Manhal
Public Relations Executive
Union Properties PJSC
Tel: +971 4 806 2497
Fax: +971 4 885 3971
Aya Elamine
Public Relations Manager
tamra c2
Tel: +971 4 295 1177
Fax: +971 4 295 1188
Posted by Siba Sami AmmariMonday, November 17 - 2008 at 14:59 UAE local time (GMT+4)
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