Page 29 - UNION PROPERTIES GENERAL REPORT - March 2024

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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