Dubai – Mubasher: Union Properties has sold more than AED 1.30 billion worth of plots since the announcement of its five-year turnaround strategy in April 2023, according to a press release.
This significant milestone anchors the company’s growth journey and boosts its objectives to create value for its shareholders.
Amer Khansaheb, CEO of Union Properties, commented: “This milestone also reflects our growing financial strength and enhanced liquidity position.”
“This achievement is a key milestone in our strategic growth plan and aligns with our broader initiatives to enhance operational efficiency, diversify our offerings and drive sustainable growth,” Khansaheb added.
In December 2024, the DFM-listed company broke ground for its AED 2 billion project in the Motor City community, which was part of its development schemes plans in Dubai.
