Dubai, United Arab Emirates – Al Ittihad Properties announced.M.A company listed on the Dubai Financial Market under the symbol UPP, through its subsidiary “Surview”, a leading provider of facilities management solutions in the UAE, announced a strategic acquisition of “House Keeping LLC”.M.M” (House Keeping LLC) and “House Keeping Domestic Works LLC”.M.M” (House Keeping Domestic Workers LLC), including their subsidiary, in a deal worth AED 100 million.
This strategic move strengthens Servio’s established position in the market, as one of the most reliable facilities management service providers in the UAE. The company, which employs more than 8,900 people, manages a range of facilities including residential complexes, shopping malls, government departments, and hospitality facilities. The company is moving forward to enhance its operational capabilities through continuous qualitative investments in the fields of innovation, sustainability, and upgrading services to meet the changing needs of the market.
In this context, Eng. Aamir Khansahib, CEO and Board Member of Union properties Sh.M.A: “This acquisition represents a qualitative shift in the course of implementing our sustainable growth strategy”. Integrating a leading workforce and support company into our portfolio will enhance Servio’s operational capabilities and embody our commitment to providing integrated, people-centered solutions in response to the growing demands of our customers across various sectors
House Keeping LLC.M.M”, the second largest provider of services and solutions in this field in the UAE, based on its strong business portfolio and leading expertise, as well as its extensive customer network. The company continues to achieve outstanding performance, with the support of a specialized team that includes 136 employees in cleaning operations and about 8,700 domestic workers, as it recorded revenues amounting to 221.1 million UAE dirhams, and profits before calculating interest, taxes, depreciation and amortization amounting to 21.4 million dirhams during the fiscal year 2024. These strong financial results are closely in line with «Surview»’s strategic priorities, which are providing value, enhancing the quality of services, improving operational efficiency, and developing workforce capabilities.
Under the acquisition agreement, House Keeping LLC will retain.M.M” and its subsidiaries with their current business identities, with full ownership transferred to “Servio”, which will assume full strategic supervision. This acquisition is expected to have a positive impact on Servio’s financial results starting in August 2025, as it will contribute about 23% of revenues, in addition to enhancing profits before calculating interest, taxes, depreciation and amortization by up to 33%.. This model would ensure smooth continuity of operations, in addition to achieving integration through the strong infrastructure of «Surview», the expertise of its leadership team, and its partnerships in the sector.
