• The company recorded 59% per cent growth in operating profits
• The success reflects the robust performance of its subsidiaries, effective debt restructuring, and increased demand on its real estate projects

Dubai, UAE, 13 February, 2025,

Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP), released its outstanding audited financial results for the fiscal year 2024, recording an operating profit of AED 161.8 million, with an annual growth rate of 59% percent, and a total comprehensive income of AED 395 million. Additionally, revenue generated from customer contracts increased to AED 528.7 million, up from AED 508 million in 2023, underscoring the robust operational performance and strategic growth of the Company and its subsidiaries.

The Company announced retaining 10 Million sq. ft. of available GFA, unveiling plans to launch two new projects soon

February 05, 2025: Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP) achieves a significant milestone in its recovery plan as it reduced its legacy debt of AED 1.47 billion (FY2022) to AED 575 million as of end of December 2024, and further targets reducing it by end of Q1 2025 by another AED 150 million.

UAE, January 28, 2025: Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP), sold over AED 1.3 billion worth of plots, since the announcement of its 5-year turnaround strategy in April 2023, marking a significant milestone in the Company’s growth journey.

This impressive sales figure underscores the Company’s success in achieving its declared plans. By leveraging market trends and optimising portfolio performance, Union Properties continues to hit its milestones in accordance with its 5-year strategic plans to create value for its shareholders.

Dubai, UAE, December 23, 2024,

‘Union Properties PJSC’(“Union Properties” or “the Company”) (DFM symbol: UPP), is set to redefine urban living as it breaks ground for its AED 2 billion “Takaya” project in Dubai’s Motor City community. Setting a new benchmark in the mid-to-high range segment, “Takaya” by Union Properties promises exceptional urban living experiences.