Page 80 - UP PR REPORT - February 2025

2/6/25, 10:52 AM Union Properties Secures AED 150 Funding Million for New Dubai Developments

PC: Off-Plan Properties in Dubai

The new investments are expected to generate recurring income of about AED

40 million per year, Union Properties said, revealing that it has retained a land

bank boasting nearly 10 million square feet of GFA from its existing portfolio,

giving it enough space for future development. The move suggests that the

company remains quite confident about the property market in Dubai, which

has shown resilience against the backdrop of heightened demand and

sustained investor interest.

As part of its expansion strategy, Union Properties is set to launch two new

mixed-use projects in Dubai. However, the company has not provided further

details yet. Against the backdrop of the charter-mandated provision of

residential and commercial space for the growing needs of the city, this

declaration gives an insight into how earnest Union Properties has become in

calibrating its growth.

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