Page 65 - UP PR REPORT - JULY 2025

7/28/25, 11:22 AM Union Properties Secures AED 700M Deal in Motor City - 2025-07-27

Union Properties Secures AED 700M Deal in Motor City

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Union Properties PJSC has signed a significant AED 700 million sale agreement, marking a pivotal step in its
strategic growth and debt resolution plans.

Summary
Union Properties PJSC has entered into a significant AED 700 million sale agreement for a Real Estate project in Motor
City, marking a critical step in its strategic recovery and growth initiatives.

Union Properties PJSC, a prominent player in the UAE's real estate market, has announced a landmark AED 700 million
sale agreement for a major project in Dubai's Motor City. This agreement is not just a financial transaction; it represents a

strategic milestone for the company as it wraps up its comprehensive recovery plan aimed at resolving legacy debts and
strengthening its long-term financial position.

In 2024, Union Properties achieved record plot sales of AED 1.3 billion, a testament to its effective debt restructuring
strategy. The latest agreement is expected to be reflected in the company's Q4 2025 financials, underscoring its
commitment to financial discipline and sustainable growth. The real estate project in Motor City is structured under a

deferred payment framework, ensuring strong cash flow visibility and continued balance sheet optimization.

This transaction is not only significant for Union Properties but also for the Motor City community, one of Dubai's most
established and sought-after areas. The project is poised to contribute to the ongoing evolution and development of this
vibrant community, enhancing its appeal and infrastructure.

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