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4/9/26, 10:20 AM Union Properties approves first dividend payout in more than a decade - Arabian Business: Latest News on the Middle East, Real E…

Union Properties approves first dividend payout in more than a decade

The payment signals a return to shareholder rewards as it pushes ahead with turnaround strategy

Justin Harper SHARE
Wed 8 Apr 2026

The payout, equivalent to 3 fils per share, signals a return to shareholder rewards as the developer pushes ahead with its turnaround strategy

Dubai-listed Union Properties has approved its first dividend payout in more than a decade, in a move the
developer said reflects stronger finances and growing investor confidence after years of restructuring.
Shareholders gave the green light to a cash dividend of AED 129 million ($35.1 million) at the company’s
AGM, marking Union Properties’ first distribution in 11 years.
The payout, equivalent to 3 fils per share, signals a return to shareholder rewards as the developer pushes
ahead with its turnaround strategy.
The AGM also marked another milestone for the company, with 68 per cent shareholder participation allowing
the meeting to proceed on first quorum — the highest level in six years and the first time quorum was met in
that period, according to the company.
Union Properties said the turnout underscored improved sentiment among investors as the business seeks to
rebuild after completing a debt restructuring plan and sharpening its focus on profitability, governance and
long-term returns.
Chairman Mohamed Fardan Ali Al Fardan told shareholders the company had delivered a sharp improvement
in its financial performance, with revenue rising 39.4 per cent year-on-year to AED 736.9 million, compared
with AED 528.7 million a year earlier.