Page 30 - UP PR REPORT - APRIL 2026

4/9/26, 10:24 AM Union Properties’ AGM approves dividends for 1st time in over decade - Mubasher Info
Total revenue reached AED 736.90 million in 2025, representing an annual
increase of 39.40% when compared to AED 528.70 million.

Operating profit jumped to AED 240.70 million last year from AED 161.80
million in 2024, while cash reserves hiked to AED 494.20 million, reflecting
one of the strongest liquidity positions in recent years.

Amer Khansaheb, CEO of Union Properties, stated: “The approval of our
first dividend in over a decade marks a defining moment for Union
Properties and a clear validation of the progress we have made over the
past four years.”

Khansaheb added: “This milestone, alongside the appointment of a board,
signals the beginning of a new era for the company, one grounded in

financial strength, disciplined execution, and a clear commitment to
delivering sustainable, long-term returns for our shareholders.”

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