Tag Archives: Union Coop

Business & Investments

Union Coop Reports Financial Performance for H1 2024

Dubai, UAE:

Union Coop has announced its financial results for the first half of 2024, demonstrating a 5% increase in semi-annual revenues compared to the previous year. The cooperative achieved a 32.3% growth in net profits and expanded profit margins across its various sectors.

The cooperative’s Board of Directors has released the semi-annual results following strong performance in both business operations and sales. For the first half of 2024, Union Coop reported profits of AED 200 million, reflecting a 32.3% increase compared to the same period last year. This growth is attributed to strategic initiatives that enhanced profitability and revenue.

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Business & Investments

Union Coop’s Al Khawaneej Mall Announces 70% of Retail Space Leased

High Demand for Union Coop’s Upcoming Mall in Al Khawaneej-2 

Dubai, UAE:

Dr. Suhail Al Bastaki, Chief Community Relations Officer at Union Coop, has announced the initiation of construction for the Al Khawaneej Mall project located in Al Khawaneej 2, Dubai. The mall is expected to be completed and open in the second quarter of 2025. Dr. Al Bastaki confirmed that 70% of the mall’s retail space has already been leased following the start of construction.

The new mall in Al Khawaneej 2 aligns with the ongoing development in Dubai’s retail sector. The mall will have a total construction area of approximately 70,698.69 sq. ft., featuring a spacious parking area for up to 92 vehicles. It will house a Union Coop hypermarket, covering about 28,253.09 sq. ft., along with 6 kiosks and 19 retail stores. This variety of retail options aims to meet the needs of all residents in the area.

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Shopping & Promotions

Union Coop Launches 9 Promotional Campaigns for August with Discounts Up to 60%

Dubai, UAE:

Dr. Suhail Al Bastaki, Chief Community Relations Officer at Union Coop, confirmed that the cooperative continues to launch its promotional campaigns across all its branches and centers throughout Dubai year-round. This is part of a marketing plan designed to meet the daily needs of consumers and shoppers.

He noted that Union Coop has allocated 9 promotional campaigns for the current month of August, offering discounts of up to 60% on hundreds of food, non-food, and essential consumer items, as well as electronics. This initiative aims to provide competitive prices and a wide range of purchasing options for all essential and frequently consumed products.

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Shopping & Promotions

Union Coop Exclusive: Free Multi-Use Shopping Bag to Promote Sustainable Shopping

Union Coop is offering free “Multi-use Shopping Bags” for purchases over AED 200 from August 1st to the second week of September, aligning with their strategy to reduce plastic usage and promote sustainable shopping practices.

Dubai, UAE:

Dr. Suhail Al Bastaki, Chief Community Relations Officer at Union Coop, confirmed that Union Coop is committed to implementing the decision of the Executive Council of Dubai regarding regulating the use of single-use products in Dubai. As part of its awareness initiatives, the cooperative will provide free eco-friendly bags to consumers, aiming to protect the natural environment, encourage sustainable and eco-friendly behaviors among community members, and promote the culture of using recyclable materials to contribute to sustainable development.

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Shopping & Promotions

Union Coop Launches ‘Back to School’ Promotions with Discounts of Up to 60%

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Dubai, UAE:

Dr. Suhail Al Bastaki, Chief Community Relations Officer at Union Coop, announced the launch of the cooperative’s annual ‘Back to School’ promotional campaign, coinciding with the start of the new academic season. The campaign features four distinct promotional offers, with discounts of up to 60% on hundreds of school supplies and products. This initiative is part of Union Coop’s ongoing efforts to provide value-driven promotions to its customers throughout the year.

Dr. Al Bastaki highlighted that Union Coop has created a valuable opportunity for consumers and shoppers of all categories to find all their back-to-school essentials at competitive and reduced prices across its branches in Dubai and through its E-commerce website and Smart app. The range includes stationery, electronics, and school bags.

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