Page 19 - UNION PROPERTIES PR REPORT - November 2023

11/3/23, 1:28 PM In the third quarter of 2023, Union Properties recorded a net profit of Dh20 million - PropertyNews.ae
“We are poised to leverage our capacity for crafting dynamic business strategies and effectively
meeting the evolving demands of our customers.”– Engineer Amer Khansaheb, Board Member and

Managing Director of Union Properties

One notable feature of Union Properties’ 2023 performance is the profitable and successful
operation of every one of its managed subsidiaries.

These outstanding quarterly results highlight the robust demand for real estate, and Union
Properties successfully took advantage of market openings by exhibiting resilience and adaptability

to produce favorable results.

This accomplishment is consistent with the multi-phase strategic five-year plan that the company
launched in 2022 with the goals of improving operational performance, increasing profit growth

through organic business expansion, and optimizing spending efficiency.

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