Page 24 - UP PR REPORT - APRIL 2026

4/9/26, 10:21 AM Green light for Union Properties to pay 2025 dividend of $35m | AGBI
Green light for Union Properties to

pay 2025 dividend of $35m

By Pramod Kumar April 8, 2026, 10:52 AM

Ben Koorengevel/Unsplash
Union Properties is preparing a 15-year 'rapid growth' strategy to diversify revenue
streams and strengthen recurring income across core and new business segments

Dubai property developer Union Properties will pay AED129 million
($35 million) in dividends for 2025, its first such outlay in 11 years, after
shareholders gave the green light at their annual general meeting on
Tuesday.

The board had proposed a cash dividend of AED0.03 fils per share in
February, following the completion of a debt restructuring plan.

The dividend will be paid in April, the company, which trades on the
Dubai Financial Market, said in a statement.

Revenue surged 39 percent to AED737 million in 2025, leading to a
net profit of AED462 million, a 67 percent year-on-year increase. The
total cash balance reached AED494 million – the highest in several
years.

Shareholders also elected a new board for the upcoming three-year
term after the first quorum reached 68 percent participation, the
highest in six years.

Union Properties is preparing a 15-year “rapid growth” strategy to
diversify revenue streams and strengthen recurring income across
core and new business segments.

The stock closed 1.5 percent lower at AED0.706 on Tuesday and is
down 16 percent so far this year.

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