Page 29 - UP PR REPORT - JULY 2025

8/1/25, 9:31 AM Union Properties’ gross profit grows 44% in H1 2025 | Khaleej Times
Union Properties’ gross profit grows 44% in H1 2025

Developer signs Dh700 million sale agreement for a major real estate asset in Motor City

Published: Thu 31 Jul 2025, 3:25 PM
By: Somshankar Bandyopadhyay Share:
Somshankar Bandyopadhyay

A view of apartments in Motor City Dubai, a Union Properties project.. Photo: File photo

Union Properties on Thursday announced that gross profit in the first six months of 2025 rose 44 per cent year on year to
Dh75.6 million, driven by solid progress across key operational and financial indicators.

The company reported Dh152.4 million in gross revenue for Q2 2025, representing a 19 per cent year-on-year increase from
Dh128 million in Q2 2024. Gross profit surged to Dh32.9 million, up 77.84 per cent compared to the same period last year,
reflecting improved operational efficiency and margin recovery.

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