Union Properties launches Mirdad Tower 2 in Motor City

Union Properties has unveiled Mirdad Tower 2, a signature residential tower within its US $545mn Mirdad master-planned development in Dubai’s Motor City....

Construction

Union Properties breaks ground on Mirdad in Dubai Motor City

Developer Union Properties has officially commenced construction on its US $544.6mn flagship project, Mirdad, in Dubai Motor City. The milestone is said...

Industry News

Union Properties’ subsidiary ServeU acquires House Keeping and its subsidiary

Union Properties, through its subsidiary ServeU has made a strategic acquisition of House Keeping and House Keeping Domestic Workers, including their subsidiary....

Financial

Union Properties signs US $191mn sales agreement

Union Properties (Union Properties or the Company) has signed a conditional sale agreement valued at US $191mn for a significant real estate...

Experts

Shifting customer demands sparking transformation in real estate market strategies

The Real Estate Industry, as the foundation of modern economies, has been undergoing constant evolution. Among the several new trends influencing its...

Financial

Union Properties reports net profit for Q3 2022, following $8.44mn loss in 2021

Developer Union Properties has reported a net profit of US $224,000 for the third quarter of the year, compared to a net...

Financial

Union Properties announces completion of $162mn debt restructure

Union Properties has announced the successful completion of a US $162mn debt restructuring, which includes the repayment of $60.7mn to lenders, as...

Property

Union Properties sees net profit for Q2 2022 after healthy performance from subsidiaries

Developer Union Properties has announced its consolidated financial results for the three-month period ended 30 June 2022, with the company seeing a...

Property

Dubai’s Union Properties sees 7.6% increase in revenues in Q1 2022

Union Properties has announced revenues of $28.8mn in Q1 2022, up by 7.6% compared to the $26.7mn posted last year. This increase...

Construction

Union Properties agrees exit from the ownership of Motor City shopping centre under construction in Dubai

Union Properties, the Dubai-based real estate developer listed on Dubai Financial Market and the owner of a group of diversified activity subsidiaries,...