Page 31 - UNION PROPERTIES PR REPORT - January 2025

milestones in accordance with its 5-year strategic plans to create value for its

shareholders."
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Union Properties gets started on Dh2b project in Motor City as comeback

gathers pace

Dubai's Union Properties' 9-month profit at Dh53.14m, makes more cuts

to legacy debts
Shareholders and market watchers will now await UP's 2024 financial results,

which should provide more insight on what's in store.

But generating these plot sales does help solidify its cash position. Another

fund injection should come by way of the recent Motor City project launch it

did - which marked a return to the offplan launch market after an extended
absence.

"This milestone (of bringing in Dh1.3 billion) also reflects our growing

financial strength and enhanced liquidity position," said Amer Khansaheb,

CEO of Union Properties.

"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.

"We remain committed to sustainability and long-term value creation."

https://gulfnews.com/business/property/dubais-union-properties-gets-boost-after-dh1b-plus-
in-plot-sales-1.500023985