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Union Properties

Union Properties 2011 net loss widens; shares slump

Union Properties 2011 net loss widens; shares slump

Full-year net loss 1.57 bln dirhams vs 1.53 bln dirhams; Q4 net loss 68 million dirhams - Reuters calculation; Shares drop 8 pct after results

February 2, 2012 12:55
Union Properties in debt deal with Emirates NBD

Union Properties in debt deal with Emirates NBD

Developer to repay 1.1 bln dirhams using asset transfer; Extends remaining 2.7 bln dirhams debt to 2017

January 18, 2012 2:02

Union sells Ritz-Carlton at discount

Contract to be signed in the next ten days.

August 28, 2010 1:39

Dubai property company woes continue

Deyaar sees third consecutive loss, of 243 million dirhams; Union Properties swings to loss in second-quarter; Drake & Scull net profit nearly halves.

August 14, 2010 2:41

Union Properties moves to repossess units from defaulted investors

Defaulted investors at MotorCity project are being contacted.

June 1, 2010 10:14

Union Properties receives offers for Ritz Carlton hotel

The developer is hoping to sell the hotel for about AED1.5 billion, its chairman Khalid bin Kalban told Reuters.

March 10, 2010 4:51

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

Union Properties reschedules $1.5 billion debt

The company’s chairman also told Al Ittihad that it has not cancelled any of its projects.

January 31, 2010 10:31

UP open to receiving government funding, says chairman

Dubai-based developer Union Properties (UP) is ready to receive funding from the local...

December 26, 2009 7:24

UP posts AED152.3 million net loss for Q3

Dubai-based developer Union Properties (UP) has posted a AED152.3 million net loss for the third quarter...

November 15, 2009 2:16