Monday 21 May 2018
 
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Union Properties

Union Properties launches mixed-use project in Dubai

Union Properties, one of the largest real estate developers in the UAE, has announced the launch of ‘Zawaya’, a new mixed-use development in Motor City, and also the commencement of its excavation work. China State Con

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Union Properties swings to 2017 net loss

Union Properties, a leading real estate developer in the UAE, has reported a net loss of Dh2.3 billion ($626 million) for the 12 months ending December 31, 2017 (equivalent to Dh0.55 loss per share) compared to a net profit of Dh211 million in t

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Dubai Investments acquires entire stake in Emicool

Dubai Investments, a leading, diversified investment company listed on the Dubai Financial Market (DFM), has acquired additional 50 per cent stake in Emirates District Cooling (Emicool) from Union Properties for Dh500 million ($136 million).

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Union Properties buys key stake in Egyptian developer

Union Properties, a leading real estate developer in the UAE, said one of its units has acquired a strategic 5.68 per cent stake in top Egyptian real estate developer Palm Hills Developments as part of its regional expansion plan.

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Union Properties to sell full stake in Emicool

Union Properties, one of the leading real estate developers in the UAE, announced that it is in its final stage of selling its entire stake in Emirates District Cooling (Emicool), a leading district cooling service provider in the region.

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Union Properties unit plans Dubai listing in H2

Union Properties, one of the leading real estate developers in the UAE, has announced plans to raise capital through an initial public offering (IPO) of the shares of ServeU, its facilities management subsidiary, in the second half of 2018.

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Union Properties posts $12m net loss in Q3

Union Properties, a leading developer in the UAE, has reported a net loss of Dh45 million ($12.2 million) for the third quarter compared with a net profit of Dh32 million ($8.7 million) in the same period last year.   Announcing the

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Union Properties unveils new investment unit

Leading UAE developer Union Properties has announced the launch of its investment arm, UPP Capital Investment, as the real estate group continues to roll out its diversification strategy.   The new entity will specialise in d

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UP to build first residential project in Abu Dhabi

Union Properties, one of the leading Dubai-based real estate companies, has announced plans to develop its first housing project in Abu Dhabi - the Al Dhafra Beach. Overlooking the Arabian Gulf, the Al Dhafra Beach will be a multi

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Union Properties opens mall, hotel management units

Dubai-based Union Properties has announced plans to diversify its operations and revenue sources by opening two new fully-owned subsidiary companies: Union Malls and Al Etihad Hotel Management. Union Malls will provide retail and

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