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8/1/25, 9:37 AM Dubai developer Union Properties to repay Dh130m bank debt in Q3-2025

Dubai developer Union Properties

to repay Dh130m bank debt in Q3-

2025

1d • 1 min read

IN THIS ARTICLE

1972 ▼ -2.61%

Dubai: Union Properties confirmed more progress in its comeback
journey with a 44% spike in gross profits for the first six months of 2025.

The total was Dh75.6 million against Dh52.6 million a year ago.

But when it comes to H1-25 net profit, the Dubai developer’s numbers
come in lower – Dh14.5 million against Dh34.7 million for H1-2024.

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The lower net profit was due to ‘front-loaded investments in
development activities and infrastructure upgrades’, Union Properties

said in a statement.

For the immediate future, Union Properties is focusing on clearing the
legacy debts it had been carrying for some time.

In Q2-205, the DFM-listed company announced the intent to repay
Dh150 million in bank debt. “However, only Dh20 million was repaid prior

to quarter-end, with the remaining Dh130 million scheduled for

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