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Company News - Union Properties
AED 490 Million Is The Capital Increase Of Three Union Properties PJSC Subsidiaries (7 October 2020)
Union Properties PJSC, one of the largest real estate development companies with prominent residential and entertainment projects in the United Arab Emirates and the main developer of Dubai Motor City.

Union Properties Board Of Directors Approve AED 400 Million Offer Stake In Dubai Autodrome (30 September 2020)
During the session, the board also voted unanimously to acquire an existing investment property in the Business Bay area of Dubai, worth AED 250 million.

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.


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