Page 94 - UNION PROPERTIES GENERAL REPORT - April 2024_Neat
P. 94

4/4/24, 12:42 PM                             Union Properties achieves $222.34mln plot sales in Q1-24
        He underlined: “This milestone marks a significant achievement after the successful
        conclusion of our debt restructuring, laying a sturdy foundation for propelling growth and

        enriching shareholder value.”



        The official stated: “The strong performance and outlook for the UAE’s Real Estate market
        provides significant opportunities for Union Properties, including the potential for new Real

        Estate developments in the near future.”



        In Q4-23, Union Properties incurred accumulated losses totalling AED 2.10 billion, which
        represented 49.08% of the capital.



        Last year, the DFM-listed firm registered net profits valued at AED 811 million.



        All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc.
        (Syndigate.info).















         REAL
         ESTATE
         EQUITIES
         MARKETS
         UAE
         EARNINGS





























      https://www.zawya.com/en/markets/equities/union-properties-achieves-22234mln-plot-sales-in-q1-24-p3c699t4     3/3
   89   90   91   92   93   94   95   96   97   98   99