Press Release Regarding Financial Results For The 2nd QTR Of 2021
Press Release Regarding Financial Results For The 1st QTR Of 2021
Press Release Regarding Preliminary Financial Results For The Year 2020
Union Properties PJSC, the iconic real estate developer with a portfolio of diversified subsidiaries, has announced the successful completion of a 70 million Dirham payment towards its largest lender. This payment comes in application of a comprehensive debt restructuring plan, announced last August, aiming to improve the Group’s cash-flow and restore its standing with the banking sector. Union Properties PJSC, the iconic real estate development group with a portfolio of diversified subsidiaries, announced its financial results for the three-month period ended on 30th September 2020, with a net profit of AED 509.2 million (approximately 12 fils per share), while the profit for the nine-month period of the current year reached to AED 348.8 million (approximately 8 fils per share). 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, announced that it has successfully completed the capital increase of three of its subsidiaries - Dubai Autodrome, ServeU and The FitOut - to reach a combined amount of nearly half a billion dirhams. Union Properties PJSC, a pioneer in the property development sector, announced today its Board of Directors has approved the offer of AED 400 million for a 40% stake in its subsidiary Dubai Autodrome, the UAE’s first fully-integrated multipurpose motorsport and entertainment facility. The decision was taken at a meeting held on Tuesday, 29th September 2020. Union Properties PJSC, a pioneer in the property development sector, announced today it has received an offer of AED 400 million
for a 40% stake in its subsidiary Dubai Autodrome, UAE’s first fully-integrated multipurpose motorsport and entertainment facility. Union Properties PSJC, the leading property developer in the UAE and the master developer of Motor City, appoints " BH Mubasher " as a liquidity provider for its shares traded on the stock market, after obtaining the necessary approvals from Dubai Financial Market. This significant tangible improvement comes as a full restructuring and development plan is under way for the iconic property developer with diversified activities.
The recent months have been synonymous with in-depth transformation reorganization and restructuring for Union Properties, the iconic developer with diversified activities. Following the nomination of its new leadership (new Chairman and Board of Directors), the Group has successfully engaged in a series of transformational initiatives opening the way for a new chapter of growth and sustained development. Union Properties PSJC, one of the largest real estate development companies leading the launch of prominent residential and entertainment projects in the United Arab Emirates and the main
developer of "Dubai Motor City ", announced its completion of Strategic Plan Blue-Print for
the Company, a Three years detailed plan, developed internally to take the company back in
the frontier of the Developers in UAE and Regionally. Union Properties PJSC, one of the largest real estate development companies which has pioneered and launched some of the most prominent residential and entertainment projects in the United Arab Emirates, has announced one of its subsidiary companies, which it 100% owns, has initiated arbitration procedures to claim approximately AED 1.5 billion owed. The claim is related to construction work for a significant project that was completed around 10 years ago. Union Properties, a leading property developer in the UAE and the master developer of MotorCity and Dubai Autodrome, the UAE’s first fully integrated multipurpose motorsport and entertainment facility, is on schedule to deliver Business Park Phase 2 in February 2020 with a 30 percent completion progress up to date. Union Properties denies the rumors that have been circulated on some social media channels concerning the company’s operations and its board of directors, and states that such groundless statements can negatively impact the stock market and the local economy. Union Properties, a leading property developer in the UAE and the master developer of MotorCity and the UAE’s first fully integrated multipurpose motorsport and entertainment facility, Dubai Autodrome, announced the expansion of Dubai Autodrome Business Park project in Dubai MotorCity, recording a total investment of AED25.5 million. Union Properties, the leading property developer in the UAE and master developer of MotorCity, marked a successful conclusion of its second annual Ramadan sports event with its first Ramadan Duathlon Challenge hosted at the Dubai Autodrome in Dubai MotorCity. Union Properties, the leading property developer in the UAE and master developer of Dubai MotorCity, is joining the UAE and the rest of the world in switching off all non-essential lights across MotorCity and UPTOWN Mirdiff communities to mark Earth Hour 2019. Union Properties, the leading property developer in the UAE and master developer of Dubai MotorCity, invites you to reaffirm your commitment to saving the planet and join its community in marking Earth Hour one day ahead of the rest of the world. The unique event at MotorCity is designed to support the global movement and will focus on ‘green’ activities for families and visitors. Union Properties, the UAE real estate developer with a 30-year track record of delivering iconic residential developments, reported a net profit of AED62.33 million for 2018, marking a 19% increase in the company’s annual income over 2017, when the company registered a loss of AED2,375 million. Meanwhile, shareholder equity surged by AED452 million compared to 2017. 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. This strategic investment for UPP Capital (the “Company”) will consolidate the Company’s investment portfolio in the Middle East and North Africa, in addition to distributing its investments and diversifying its revenues. Union Properties, the UAE real estate developer with a 30- year record of delivering iconic residential developments, completed the handover of its latest project, OIA Residences at Dubai Motor City. Visitors to the exhibition, set to run from October 2 to 4 at the Dubai World Trade Centre, will get an exclusive preview of Avenue District at the Union Properties stand, and can register their interest in the project. 
70 million Dirhams the Value of Payments Made by Union Properties PJSC Towards Debt Restructuring Plan
2020-Oct-26
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Union Properties PJSC profits has exceeded Half Billion Dirhams profits in Q3 2020
2020-Oct-13
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AED 490 million is the capital increase of three Union Properties PJSC subsidiaries
2020-Oct-07
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Union Properties Board of Directors Approve AED 400 million offer stake in Dubai Autodrome
2020-Oct-01
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Union Properties PJSC receives AED 400 million offer stake in Dubai Autodrome
2020-Sep-24
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Union Properties PJSC appoints " BH Mubasher " as a Liquidity Provider.
2020-Sep-02
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Union Properties PJSC reduces its net loss by 68% in Q2 2020 compared to the previous quarter.
2020-Aug-14
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Union Properties Completes the Strategic Blue Print for the Company and Prepare to Launch " Motorcity Hills "
2020-Aug-09
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Union Properties’ Subsidiary Undertakes Legal Procedures to Claim Approximately AED 1.5 Billion
2020-May-27
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Union Properties Completes 30% of Dubai Autodrome Business Park Phase 2
2019-Oct-16
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Union Properties Denies False Rumors
2019-Sep-23
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Union Properties Breaks Ground on 100% Pre-Booked Dubai Autodrome Business Park Phase 2
2019-Jun-24
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Union Properties Launches First Duathlon During Annual Ramadan Challenge at Dubai Autodrome
2019-May-14
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Union Properties Marks Earth Hour, Commits To Saving 795 Kilowatts Of Energy
2019-Mar-30
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Union Properties To Host Green Event At MotorCityin Run-Up To Earth Hour
2019-Mar-26
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Union Properties Posts AED62.33 Million Net Profit In 2018
2019-Feb-14
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Union Properties Records Net Profit Of AED 145.6 Million For The First Nine Months Of 2018
2018-Nov-13
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UPP Capital, Investment Arm Of Union Properties, To Subscribe To Egypt’s Palm Hills Development Rights Issue
2018-Oct-24
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Union Properties Reclaims Market Stake With Handover Of AED450 Million OIA Residences In Dubai Motor City
2018-Sep-24
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Union Properties To Unveil AED2.5 Billion ‘Avenue District’ At Cityscape Global 2018
2018-Oct-01
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