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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Top News In Union Properties Today - Breaking & Trending Today
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
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
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.
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