Page 16 - UNION PROPERTIES PR REPORT - MARCH 2025

3/17/25, 10:50 AM Union Properties' share surges to be UAE's best forming - as markets stay flat
Union Properties' share surges to be UAE's best forming - as markets stay flat
Investors clearly expect Dubai developer to continue its comeback story
Last updated: March 17, 2025 | 08:37
Manoj Nair (Business Editor)
3 MIN READ

Union Properties is getting back into its groove operationally, with an offplan launch and better financial results. Investors are giving this a
thumbs up on DFM.
Gulf News Archive

Dubai: Union Properties’ stock has shot up an eye-catching 40% since the start of the year to date, easily making it the best-performing share on
the DFM but the wider UAE capital markets. In fact, in recent days, the Dubai developer’s share gained 20% plus before trimming some of the
increase.
In comparison, the wider DFM is down 0.4% year-to-date, while the ADX general index is flat. Which makes Union Properties’ surge all the
more of an outlier. “Emaar Developments is down for the year after an exceptionally strong showing in 2024, while Aldar on ADX has gained
12% year-to-date,” said an analyst. “It’s pure sentiments that seems to be driving UP’s share for now – but it’s making for an unprecedented
run.”

Especially when stock market sentiments have been largely muted in the UAE and GCC as investors weigh in what the Trump tariffs on nations
and economic blocs would actually mean. The US stock markets have given their response, heading down into correction territory and investors
getting spooked.

Also Read
Dubai's Union Properties slashes debt load to Dh575m
Dubai's Union Properties gets boost after Dh1b plus in plot sales
Union Properties gets started on Dh2b project in Motor City as comeback gathers pace

UP's stock is at Dh0.57 against the Dh0.59, which is the 52-week high.

https://gulfnews.com/business/property/union-properties-share-surges-to-be-uaes-best-forming-as-markets-stay-flat-1.500062845 1/2