Dubai developer Union Properties plans sale of non-core assets to fetch Dh1b – will that be enough?
These sales could bring down accumulated losses to below 50% in 2 years
Source: gulfnews.com
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Union Properties files claim against Dubailand on land issue in Motor City
Issue relates to land in Motor City, which is a Union Properties' project
Dubai Courts United Arab Emirates Union Properties Stock Union Properties Dubai Image Credit Motor City
Source: gulfnews.com
Dubai developer Union Properties still negotiating with Emirates NBD on debt restructure
Union Properties still in talks with Emirates NBD to buy more time on debt payments
United Arab Emirates Amer Khansaheb Union Properties More On Union Properties Union Propertie Image Credit
Source: gulfnews.com
Union Properties swings to 2022 profit; revenue up 5pc
Dubai-based Union Properties has returned to profitability in 2022 with a net profit of AED30 million ($8.1 million) compared to net loss of AED967 million ($263 million) the previous year, while revenue increased by 5% thanks to its turnaround strategy.
United Arab Emirates Amer Khansaheb Edacom Owners Management Association Al Etihad Cold Union Propertie Tradearabia News Service
Source: tradearabia.com
Dubai's Union Properties returns to profit after near Dh1b loss in 2021
Developer's efforts is still working on scripting a sustained turnaround
Source: gulfnews.com
Dubai developer Union Properties dismisses social media speculation about bank accounts
Dubai developer responds to social media talk of local bank attaching UP's accounts
Source: gulfnews.com
Rents in Dubai's budget-friendly locations now see sharp monthly increases
Residential rents across Dubai city outskirts record sharp increases in November
Source: gulfnews.com
Union Properties to launch Dh1.6 billion Takaya project in Dubai's Motor City
Project comprises 788 units in 3 towers including 39 townhouses, 5 villas, 744 apartments
United Arab Emirates Amer Khansaheb Stock Union Properties Dubai Union Properties Dubai Autodrome Image Credit
Source: gulfnews.com
Dubai developer Nakheel refinances Dh11b, takes in another Dh6b to fund next-gen projects
Developer refinances Dh11b through a syndicate of Mashreq, DIB and Emirates NBD
Source: gulfnews.com
Dubai's Union Properties slip into Dh11.37m loss for 9-month 2022, but revenues are up
For 9-month '22, revenues were higher at Dh305.69m as UP aims for restructure
United Arab Emirates Green Community Stock Union Properties Dubai Union Properties Image Credit Motor City
Source: gulfnews.com