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2/6/25, 10:43 AM Dubai’s Union Properties secures $41mln local funding for new projects

Union Properties. Image used for illustrative purpose. Union Properties/ Handout via Zawya
CONSTRUCTION
Dubai’s Union Properties secures $41mln local

funding for new projects

Dubai’s Union Properties secures $41mln local funding for new projects

Staff Writer, Zawya Projects

February 5, 2025

Union Properties has secured new funding of 150 million UAE dirhams ($40.84 million) to support the
development of new projects planned in the coming 18 months.

The new loan was arranged from a local bank, the developer said in a statement published on the Dubai
Financial Market on Wednesday. The name of the bank wasn't disclosed.

These investments will likely generate an annual recurring income of nearly AED 40 million, the

statement said.

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