Page 25 - UP PR REPORT - OCTOBER 2025

11/3/25, 10:55 AM Union Properties expects $191m from asset sales | AGBI
Union Properties expects $191m from

asset sales

By Pramod Kumar October 31, 2025, 4:38 PM

Creative Commons/CC-BY-SA-4.0

Developer Union Properties has started construction on the AED2 billion Mirdad project in Dubai Motor City

Dubai developer Union Properties hopes to raise AED700 million ($191 million) through asset sales
over the next 14 months, as part of efforts to boost cash reserves, its CEO Amer Khansaheb has said.

The company holds AED450 million in bank deposits, against AED300 million in debt as of September
2025, Khansaheb told CNBC Arabia.

Khansaheb said he expects total liquidity to exceed AED1 billion, supported by off-plan sales.

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