UEM Edgenta Berhad Expands into Dubai’s Property Management Sector
In a strategic move to broaden its horizons, UEM Edgenta Berhad, a Malaysian powerhouse in the electrical and electronics equipment industry, has ventured into the property management sector in Dubai. This expansion marks a significant step for the company, which has been renowned for its high-quality power transformers and over five decades of industry presence.
On June 12, 2025, UEM Edgenta announced the formation of a joint venture (JV) company in Dubai, United Arab Emirates. The JV, named DuaSatu, is a collaboration between UEM Edgenta’s 60%-owned subsidiary, Kaizen Owner Association Management Services LLC (Kaizen), and 21 Estates Group FZCO, an indirect wholly-owned subsidiary of Expo City Dubai FZCO. The partnership is structured with a 40:60 holding ratio, favoring UEM Edgenta.
DuaSatu is poised to offer a comprehensive suite of services tailored to the needs of large-scale real estate projects in Dubai. These services include owner association and property management, property management consultancy and advisory, leasing services, and other real estate consultancy services. The JV aims to cater to the burgeoning real estate developments in Dubai, particularly within the Expo City Dubai (ECD) precinct, as well as other potential global locations.
This venture into the Middle East’s high-end property management sector is not UEM Edgenta’s first foray into the region. The company’s journey began in February 2024 when it acquired Kaizen from NW Kaizen Holdings Ltd for approximately RM55 million. This acquisition laid the groundwork for UEM Edgenta’s influence in the UAE and has now culminated in the establishment of DuaSatu.
The formation of DuaSatu is expected to reinforce UEM Edgenta’s presence in the UAE by providing a comprehensive real estate services platform designed for the UAE and other potential regional markets. This strategic expansion aligns with the company’s reputation for innovation and reliability, extending its expertise beyond its traditional manufacturing domain.
In the broader financial landscape, UEM Edgenta’s stock performance has been noteworthy. As of June 10, 2025, the company’s close price stood at MYR 0.735, with a 52-week high of MYR 0.94 and a low of MYR 0.62. The company’s market capitalization is reported at MYR 611,240,000, and it boasts a price-earnings ratio of 25.43.
Meanwhile, the FTSE4Good Bursa Malaysia Index has seen significant changes, with 19 new companies added in its June 2025 review, reflecting a growing emphasis on environmental, social, and governance (ESG) practices among publicly listed companies. This trend underscores the importance of sustainable business practices in today’s corporate world.
As UEM Edgenta continues to diversify its portfolio and expand its global footprint, stakeholders will be keenly watching its performance in the new market. The company’s strategic initiatives in Dubai could potentially open new avenues for growth and innovation, further solidifying its position as a leader in both its traditional and new business sectors.