Page 21 - UNION PROPERTIES PR REPORT - January 2025

1/29/25, 10:47 AM Union Properties generates $354mln from plot sales

The mixed-use development called Takaya will be located in Dubai Motor City. Image courtesy Union Properties.
Union Properties generates $354mln from plot sales

The company has been able to bring down its debts, says CEO

Staff Writer, Zawya Projects

January 28, 2025

Dubai-listed Union Properties has generated more than 1.3 billion UAE dirhams ($353.93 million) from
the sale of plots since its 5-year turnaround strategy was announced in April 2023.

“Thanks to our turnaround strategy, our performance has significantly improved over the years, as a
result of which we have been able to bring down our debts,” said Amer Khansaheb, CEO of Union

Properties.

In October 2024, the developer reported a net profit of AED 53 million in the third quarter of 2024.
Revenues from contractual agreements climbed by 7 percent to AED 389 million from AED 364 million in
the third quarter of 2023.

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