Friday 26 August 2016
 
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Union Properties

Union Properties awards $122m residence project deal

Union Properties has awarded the main construction contract for its Dh450 million ($122 million) Oia Residences at MotorCity in Dubai, UAE, to China State Construction Engineering Corporation Middle East (CSCEC). The lead consulta

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Dubai Investments boosts stake in UAE property JV

Dubai Investments, a leading, diversified investments conglomerate listed on the Dubai Financial Market, has acquired an additional 20 per cent stake in Properties Investment, a major investor and developer of real estate properties in UAE, for

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Union Properties eyes $202m loan to fund key projects

Dubai's Union Properties is in talks with banks to borrow about Dh740 million ($202 million) to help fund some of its projects, the developer said in a bourse statement on Tuesday. The company hopes to borrow Dh300 million ($8

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Union Properties eyes $202m loan to fund key projects

Dubai's Union Properties is in talks with banks to borrow about Dh740 million ($202 million) to help fund some of its projects, the developer said in a bourse statement on Tuesday. The company hopes to borrow Dh300 million ($8

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Chinese group wins Dubai residential project work

UAE developer Union Properties has signed up China State Construction Engineering Corporation  (CSCEC) for one of its key residential building projects in Dubai. The contract for the OIA Residential Building Project is worth

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Union Properties seeks $123m loan for new development

Dubai developer Union Properties is in talks to obtain a loan of up to $123 million to fund a 271-unit project in the UAE emirate, a senior executive said on Thursday. The company, Dubai's fourth-largest listed real estate fir

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Union Properties Q2 net profit falls 96pc

Dubai's Union Properties reported a 96 per cent slump in second-quarter net profit on Sunday as revenue from property management and home sales shrank and its year-earlier earnings were swelled by property revaluations. Union

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Union Properties begins work on Green Community Phase 3

Union Properties, a leading Dubai-based developer, has started work on the Phase Three of its Green Community project in Dubai Investments Park (DIP), Dubai, UAE. The Dh680-million ($185 million) project will feature 227 units inc

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Union Properties to develop $544m projects

Union Properties, a Dubai-based real estate developer, plans to develop three new projects worth $2 billion ($544.5 million), it said in a bourse filing on Wednesday. The developer provided no other details. Shares of Uni

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Union Properties proposes first cash dividend in 13 years

Dubai real estate firm Union Properties said on Tuesday its board had proposed a three per cent, or 0.03 dirham per share, cash dividend and a five per cent bonus share issue for 2014. It would be the company's first cash divi

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