Union properties’ net profits after tax have increased to AED 139.22 million in the first nine months (9M) of 2025, which is 162 percent against AED 53.14million in 9M-24.
According to the financial statements, revenues associated with customer contracts surged by 32 percent on a year-on-year (YOY) basis to AED 512.86 million compared to AED 389.08 million.
The earnings per share (EPS) in January-September 2025 increased to AED 0.03, as compared to AED 0.01 in 9M-24.
The DFM-listed company made net profits after tax amounting to AED 124.66 million in the third quarter (Q3) of 2025, as compared to AED 18.37 million in Q3-24.
The revenues were AED197.19 million compared to an annual increase of AED 123.30 million in Q3-25.
CEO of Union Properties, Amer Khansaheb, said, “Through meticulous strategies and a highly disciplined approach, we have successfully repaid all legacy debt, achieving record cash balances and strong profits.”
He further added that “Moving forward, we will remain committed to advancing our AED 6 billion development pipeline, while upholding operational excellence and continuing to create unparalleled value for our shareholders.”
Union Properties recorded a net profit of AED 14.56 million in the first half (H1) of 2025, compared to AED 34.77 million in H1-24.
