Dubai-based real estate developer Union Properties reported a significant surge in net profit for 2025, reaching AED 462.5 million (approximately $125.7 million USD). This represents a 67.8% increase compared to the AED 275.6 million reported for the same period in 2024, according to reports from the Gulf region.
The company’s revenue also saw substantial growth, climbing 39% year-over-year to AED 736.88 million (approximately $200.3 million USD). The positive financial results reflect a broader trend of recovery and expansion within the UAE’s real estate sector.
Union Properties’ board of directors has recommended a dividend distribution of 3 fils per share for 2025, as reported by Argaam. This marks a return to shareholder payouts following a period of financial restructuring.
A detailed breakdown of the financial performance reveals that earnings per share increased to 10.78 fils in 2025, up from 6.43 fils in the previous year. The company attributed the improved results to a 39% increase in revenue and gains from the sale of investment properties held for sale, amounting to AED 144 million (approximately $39.2 million USD).
The company’s financial results for the second quarter of 2025 also demonstrated positive momentum, with total revenues reaching AED 152.4 million (approximately $41.4 million USD), a 19% increase compared to AED 128 million during the same period in 2024, according to Zawya. Total profits for the quarter reached AED 32.9 million (approximately $8.9 million USD), a 77.84% increase year-over-year.
“We are pleased to announce results from another quarter where we have made significant progress in our transformation journey,” said Engineer Amer Khanasehab, CEO and board member of Union Properties, in a statement. The company’s performance underscores its ongoing efforts to enhance operational efficiency and profitability.
During the first half of 2025, Union Properties recorded total revenues of AED 316 million (approximately $85.8 million USD), compared to AED 266 million during the same period in 2024. Total profits increased by 44% to AED 75.6 million (approximately $20.5 million USD).
