Dubai's Union Properties reported a 96 per cent slump in second-quarter net profit on Sunday as revenue from property management and home sales shrank and its year-earlier earnings were swelled by property revaluations.
Union Properties, a leading Dubai-based developer, has started work on the Phase Three of its Green Community project in Dubai Investments Park (DIP), Dubai, UAE.
The Dh680-million ($185 million) project will feature 227 units inc
Union Properties, a Dubai-based real estate developer, plans to develop three new projects worth $2 billion ($544.5 million), it said in a bourse filing on Wednesday.
The developer provided no other details.
Shares of Uni
Dubai real estate firm Union Properties said on Tuesday its board had proposed a three per cent, or 0.03 dirham per share, cash dividend and a five per cent bonus share issue for 2014.
It would be the company's first cash divi
Union Properties, a leading player in the region, has started work on the third phase of its 1.48 million-sq-ft master-development, Green Community, in Dubai, UAE, said a report.
This will see the addition of 227 units, of
Dubai's Union Properties expects its profit in the first half of this year to soar to 700 million dirhams ($191 million), the developer said in a bourse statement on Tuesday.
That would mean a jump of 418 percent from the corr
Dubai developer Union Properties' net profit rose to 179.79 million dirhams ($48.95 million) in the first quarter from 21.91 million dirhams in the same period last year, it said on Wednesday.
The company's profits rose on
Dubai's Union Properties said on Monday that its board of directors had recommended increasing the cap on how much foreign investors can own in the developer to 25 percent.
The firm did not say from what level it was raising t
Union Properties, a Dubai-based real estate developer, said on Monday that its net profit jumped more than eight-fold to 1.58 billion dirhams ($430.2 million) last year from 175.8 million dirhams in 2012.
The brief statement did n
Dubai developer Union Properties is to seek board approval to increase the percentage of shares which foreign investors are allowed to hold in the company, its chairman said on Wednesday.
The move is part of a