Company News
Union Properties
Union Properties PJSC Successfully Completes Debt Restructuring With Emirates NBD (10 August 2020)
Union Properties PJSC announced today that it has successfully reached an agreement with Emirates NBD for the full restructuring of its outstanding AED 946 million debt with the bank along with payment of the initial amount as per the new terms.

Union Properties Reappoints Al Ramz Capital As Liquidity Provider (18 May 2019)
Union Properties, the leading property developer in the UAE and master developer of MotorCity, has reappointed Al Ramz Capital, a subsidiary of Al-Ramz Corporation Investments and Developments PJSC, as its liquidity provider following approval from Dubai Financial Market (DFM).

Union Properties Records Net Profit Of AED145.6 Million For The First Nine Months Of 2018 (13 November 2018)
Union Properties has recorded a net profit of AED 145.6 million for the first nine months of 2018 compared to a net loss of AED 2.3 billion for the same period in 2017.

Union Properties Launches ’Zawaya’ In Motor City And Begins Excavation Work (3 April 2018)
Union Properties PJSC, one of the largest real estate developers in the United Arab Emirates, today announced the launch of ’Zawaya’, a new mixed-use development in Motor City, and the commencement of its excavation work.

Dubai Investments Buys Union Properties’ Stake In Emicool (21 January 2018)
Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has acquired additional 50% stake in Emirates District LLC [Emicool] from Union Properties PJSC for AED 500 million.

Union Properties Reveals AED8 Billion Masterplan For MotorCity (11 September 2017)
Union Properties (UPP) has today announced a new masterplan for its flagship MotorCity development in Dubai with a completed value of more than AED 8 billion.

Dubai’s Union Properties Q2 Net Profit Falls 96 Percent (9 August 2015)
Dubai’s Union Properties reported a 96 percent 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 Starts Work On Green Community Phase Three In Dubai (29 July 2015)
Union Properties has begun construction on the third phase of its Green Community project in Dubai Investments Park.

Union Properties Launches AED1.78BN Of New Projects (21 September 2014)
Dubai-based Union Properties is to unveil AED1.78BN worth of new projects at the annual Cityscape Global exhibition which takes place between 21- 23 September in Dubai.

Dubai Islamic Bank Provides AED 360 Million Financing Facility To Union Properties (4 August 2014)
Dubai Islamic Bank has announced today that it has signed an agreement with Union Properties PJSC , the property developer, to provide it with an AED 360 million re-financing facility.

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