We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Union Properties posts $135.5 million net loss in 2009

The developer said it made revenues of AED4.4 billion during the year.


February 15, 2010 7:33 by

Dubai-based real estate developer Union Properties announced on Monday that it made a net loss of AED498 million ($135.5 million) last year. In 2008, the company made a net profit of AED763.1 million ($207.7 million).

Union Properties saw revenues of AED4.4 billion (around $1.2 billion) during the year, and its profits before provisions for “contracting and property valuation” reached AED373 million ($101.5 million), it said in a statement on the Dubai Financial Market website.

The developer also said that its total assets equaled AED17.5 billion ($4.7 billion), and that its total shareholders’ equity stood at AED 5.5 billion (around $1.5 billion).


Tags: , ,

Leave a Comment