StocksMedium•3 November 2026•
1 min read
Union Properties 9M 2026 Revenue Jumps 58% to AED 809.5 Million
Key Facts
1Union Properties reported a 58% revenue increase to AED 809.5 million for the first nine months of 2026.
2Net profit fell to AED 28 million from AED 139.2 million last year, which had included a one-off gain from a land sale.
Union Properties reported a 58% revenue increase to AED 809.5 million for the first nine months of 2026. Gulf News reported that net profit fell to AED 28 million from AED 139.2 million in the same period last year, a decline attributed to the absence of one-off gains from land sales recorded in 2025.
The company attributed the revenue growth to improved performance across its operating businesses and effective cost management. Ali Rashed Sultan Al Kaitoob, Vice Chairman of the transition committee, stated that the firm is prioritizing asset performance and faster project execution while maintaining financial flexibility to support its development pipeline in Dubai.