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,...

Construction

Union Properties breaks ground on first phase of new development in Motor City

Union Properties has broken ground on the first phase of its new Motor City development. The project is being developed at a...

Consultant

ServeU wins FM and staffing contract for 14 pavilions at EXPO 2020

Facilities Management firm ServeU has been selected to manage the facilities of 14 pavilions participating at EXPO 2020 Dubai, which is set...

Construction

Union Properties announces $8.82m profit for H1 2021

Union Properties, the Dubai-based real estate developer listed on Dubai Financial Market and its diversified subsidiaries, has announced its consolidated financial results...

Consultant

Union Properties registers accumulated losses of $533.4mn in 2020

Union Properties, the Dubai-based real estate developer, has said that it has registered accumulated losses of $533.4 million in 2020, representing about...