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UAE-based Union Properties has recorded AED105.7 million ($28.8 million) revenue for Q1, up 7% over last year, mainly due to growth in the business of its units. However, it posted a net loss of AED12.5 million ($3.4 million) for the three-month period.
Dubai developer had a net loss of Dh12.5m in Q1-2022 - but brings down costs
UP's Board get full approval to pursue legal action against past fraudulent activities
A troubled Dubai real estate developer said Monday it suspected that $42 million had been “misappropriated” by the company's former officials while saying it massively overvalued its holdings, declaring nearly $800 million in accumulated losses in recent years.
DUBAI, March 28, (AP): A troubled Dubai real estate developer said Monday it suspected that $42 million had been “misappropriated” by the company’s former officials while saying it massively overvalued its holdings, declaring nearly $800 million in accumulated losses in recent years. The announcemen