Union Properties, the UAE real estate developer with a 30-year track record of delivering iconic residential developments, reported a net profit of AED62.33 million for 2018, marking a 19% increase in the company’s annual income over 2017, when the company registered a loss of AED2,375 million. Meanwhile, shareholder equity surged by AED452 million compared to 2017.
Union Properties has recorded a net profit of AED 145.6 million for the first nine months of 2018 compared to a net loss of AED 2.3 billion for the same period in 2017.
This strategic investment for UPP Capital (the “Company”) will consolidate the Company’s investment portfolio in the Middle East and North Africa, in addition to distributing its investments and diversifying its revenues.
Visitors to the exhibition, set to run from October 2 to 4 at the Dubai World Trade Centre, will get an exclusive preview of Avenue District at the Union Properties stand, and can register their interest in the project.
Union Properties, the UAE real estate developer with a 30- year record of delivering iconic residential developments, completed the handover of its latest project, OIA Residences at Dubai Motor City.