Union Properties sees $62m Q2 loss
During the first half of the year, the developer saw...
August 15, 2009 6:16 by Aarti Nagraj
Dubai- based property developer Union Properties (UP) has posted a loss of AED227.95 million in the second-quarter of the year, as compared to a profit of AED317.7 million in the same period in 2008.
The company made a loss of AED197.8 million in the first half of the year, compared with a profit of AED556.1 million last year, UP said in a statement.