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3/13/24, 10:49 AM After Dh837m net profit, Dubai's Union Properties confirms its comeback is well and truly on | Property – Gulf News
After Dh837m net profit, Dubai's
Union Properties confirms its
comeback is well and truly on
Upbeat 2023 profit tally sets up developer for long awaited turnaround
Published: March 13, 2024 08:38 Follow us
Manoj Nair, Business Editor
Union Properties' stock price has been trending for a while, with investors placing their confidence in the
current management's turnaround plans. The stock's up 63 per cent last 12 months.
Image Credit: Virendra Saklani/Gulf News
Dubai: The Dubai developer Union Properties says it’s comeback push is starting to
deliver the results that shareholders and the local real estate market wants to see.
“The present rise in net profit (for 2023) is a testament to Union Properties’
unwavering dedication to upholding transparency,” it said in a statement.
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