Page 23 - UP PR REPORT - OCTOBER 2025

11/4/25, 10:02 AM Union Properties Achieves Strongest Financial Position With AED 455 Million Cash Balance

Union Properties Achieves Strongest

Financial Position With AED 455 Million

Cash Balance

NOVEMBER 3, 2025

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The company has reported one of its strongest financial performances in recent years, highlighting

resilience and renewed growth. For the nine months ending 30 September 2025, profit rose to AED 139
million, compared to AED 53 million in 2024, a 162% increase. Revenue also climbed 32% to AED 513

million, driven by operational efficiency and improved subsidiary performance.

At the same time, cash and bank balances reached AED 455 million, marking the highest level in several

years. This milestone emphasizes strong liquidity and financial stability. The company has also fully
repaid its legacy debt, reducing bank loans from around AED 1.5 billion to AED 302 million. As a result, it

achieved a net positive cash position for the first time in its recent history.

Solid Asset Base and Expanding Portfolio

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