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4/8/26, 10:14 AM Union Properties Approves First Dividend in 11 Years as AGM Quorum Marks Turnaround Milestone in Dubai
Union Properties approves first dividend in 11 years as AGM meets quorum

Shareholders back payout and elect new board as revenues and profits rise

Last updated: April 07, 2026 | 17:05
Justin Varghese, Your Money Editor

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Virendra Saklani/Gulf News

Dubai: Union Properties has approved its first dividend payout in more than a decade after its Annual General Meeting (AGM) met quorum for the first time in six
years, marking a key milestone in the company’s turnaround efforts.

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The AGM, held on April 7, saw 68% shareholder participation, allowing proceedings to be completed on first quorum, a level not achieved since 2020. The
company said the turnout reflects improved investor confidence in its performance and future direction.

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