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Dubai Autodrome appoints new GMDubai Autodrome, a motorsport venue has appointed Richard Birch as the new general manager, in place of Hamish Brown who left the company last month. Birch has been with the company since 2006 and brings a wealth of experience in More… |
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Union Properties Q1 net profit slips 2.2pcDubai developer Union Properties reported a 2.2 per cent drop in first-quarter net profit on Wednesday due to a slump in housing sales. The Dubai-listed firm made a first quarter net profit of Dh21.9 million ($5.96 million), it sa More… |
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Union Properties' $109m debt deal approvedDubai's Union Properties received shareholder's approval plans to extend a Dh400 million ($108.9 million) loan from Abu Dhabi Commercial Bank by another five years, the company said on Sunday. The extension of the loan unt More… |
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Union Properties posts Q3 profitUnion Properties posted a quarterly profit on Wednesday despite a decline in revenue, as the real estate developer stayed away from new projects to focus on existing developments. The Dubai-list More… |
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Union Properties posts Q2 profitIndebted developer Union Properties posted a quarterly profit on Monday, sending its shares higher, as it cut debt and said it would focus on building mid-size development projects. The company had second-quarter n More… |
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Union Properties net loss widens to $426mUnion Properties, Dubai's struggling real estate developer, on Thursday said its full-year net loss widened as property values continue to drop in the emirate. The company, which recently transferred a major portion of its assets to a More… |
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Union Properties in debt deal with ENBDDubai's Union Properties has reached a Dh3.8 billion ($1.03 billion) debt deal with major shareholder Emirates NBD, the developer's chief executive told Al-Bayan newspaper on Wednesday. The real estate firm will transfer assets worth More… |
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Union Properties Q3 loss widens to $288mUnion Properties' third-quarter net loss more than doubled as the struggling developer booked additional provisions amid a sharper drop in the valuation of its properties. The Dubai-based firm posted third-quarter loss of 1.06 billio More… |
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Union Properties Q2 loss widens on provisionsUnion Properties went further into the red in the second-quarter as the struggling Dubai developer booked non-cash provisions against valuation of its properties. The third largest developer in Dubai made a net loss of Dh521 million ($141. More… |
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Dubai's Index wins tall building awardIndex, the 80-storey building developed by Union Properties in Dubai, has clinched the '2011 Best Tall Building' award for the Middle East and Africa region from the Council on Tall Buildings and Urban Habitat (CTBUH). The award wi More… |
