Page 9 - Union Properties News Today

The group’s subsidiaries delivered healthy performance improvements that were supported by strong market dynamics in the UAE’s real estate sector

Dubai-based Union Properties has reported a net profit of AED825,000 for Q3, compared to a AED31 million ($8.4 million) net loss last year, thanks to its turnaround strategy that continues to show positive results with good progress on cost efficiencies.

Developer signs up for Dh595m restructure deal, which includes Dh223m repayment

Union Properties has announced the successful completion of a AED595 million ($162 million) debt restructuring, including the repayment of AED 223 million to lenders, as part of a comprehensive restructuring plan agreed by all parties.

The successful plan marks a major milestone in the company’s turnaround strategy, which was announced during the first quarter of 2022

RIYADH: The UAE’s real estate sector has witnessed growth across the residential, office, retail and hospitality sectors during the third quarter of 2022, global real estate service provider JLL said. In its latest UAE Real Estate Market Report, JLL said the average residential prices in the third quarter grew by 9 percent year-on-year in Dubai, while average rental rates saw

While most markets in the region remained range-bound last month and ended with mostly positive performance, the DFM General Index reported gains for the second cons...

Atlanta-based Columbia Ventures plans to transform the property into a residential and commercial space.

Dollar strength adds to UAE investors' calm even as Asian markets flounder

Most other GCC stock markets also recorded positive performances thanks to strong performances from listed companies that helped build investors’ confidence