Page 63 - UP PR REPORT - JULY 2025

7/30/25, 11:46 AM Union Properties resolves legacy debt with new Motor City sale - Arabian Business: Latest News on the Middle East, Real Estate, …

The company achieved this after signing a conditional sale agreement valued at AED 700
million (US$190.6 million) for a real estate project in Motor City.

Building on a record AED 1.3 billion (US$350 million) in plot sales achieved in 2024 as part

of its debt restructuring strategy, this latest agreement is expected to be recognised in the
company’s fourth quarter 2025 financials.

Union Properties completes debt recovery plan

Upon completion, the proceeds will enable Union Properties to fully settle its legacy debt,
marking the culmination of a multi-year recovery strategy. It will position the company to

move decisively toward a new phase of sustainable growth and strategic capital
deployment.

Amer Khansaheb, CEO and Board Member of Union Properties, commented: “This

transaction is more than a sale – it is a signal of strength. With this transition, we bring our
recovery plan to a close, settle all legacy debts, and lay the foundation for a bold new

chapter.

“This milestone reflects not only the trust and confidence of the market in our vision, but
also the resilience and discipline of our team in executing one of the most successful

turnaround strategies in the sector. Today, we build from a position of strength, focused on

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