Page 26 - UNION PROPERTIES GENERAL - February 2024

2/16/24, 2:02 PM DFM-listed Union Properties turns in Dh812m net profit as comeback journey continues | Markets – Gulf News
DFM-listed Union Properties turns

in Dh812m net profit as comeback

journey continues

DFM-listed UP turns in sizeable profit for 2023; Amlak is another sticking to gains

Published: February 15, 2024 10:33 Follow us
Manoj Nair, Business Editor

The recent wave of IPOs have been firing up volumes on DFM, and so have listed property companies and
banks. Amidst these are those in the midst of a turnaround, such as Union Properties, Gulf Navigation and
Amlak.
Image Credit: Bloomberg

Dubai: The Union Properties’ comeback story continues, with the Dubai developer

confirming net profits of Dh812 million for 2023 – and quite the leap from the Dh30
million of the year before. And well past the succession of losses it had undergone

prior to that.

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