Dubai – Mubasher: Union Properties, through its subsidiary the facilities management (FM) solutions provider 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.”
Khansaheb added: “Integrating a leading manpower and domestic workforce provider into our portfolio not only strengthens ServeU’s operational breadth, but also reinforces our commitment to delivering integrated, people-centric solutions that meet the evolving demands of our clients across sectors.”
House Keeping brings a strong portfolio, deep domain expertise, and an extensive client network, with a specialized workforce of 136 active members in housekeeping operations and nearly 8,700 domestic workers.
Moreover, House Keeping has consistently delivered strong performance, recording revenues of AED 221.10 million and an EBITDA of AED 21.40 million in 2024. These financial results align closely with ServeU’s strategic priorities of delivering value, enhancing service quality, improving operational efficiency, and advancing workforce capabilities.
It is worth noting that Union Properties posted AED 315.66 million worth of revenue from contracts as of 30 June 2025 in addition to net profit of AED 14.56 million.
