Page 60 - UP PR REPORT - February 2025
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2/6/25, 10:42 AM Union Properties cuts debt, secures funding for new projects - Finance Middle East
Union Properties cuts debt, secures funding for new
projects
The company secured a new Dh150 million loan to fund investments over the next 18 months.
by Staff Report
Credit: Union Properties
U nion Properties has reduced its legacy debt from Dh1.47 billion in 2022 to Dh575 million by
December 2024, with plans to decrease it by an additional Dh150 million by the end of Q1
2025. The company secured a new Dh150 million loan to fund investments over the next 18
months, aiming for an annual recurring income of approximately Dh40 million.
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