Dubai – Mubasher: The net profits of Union Properties jumped to AED 11.79 million in the first quarter (Q1) of 2026 from AED 5.81 million in Q1-25.
The higher profits strengthened the group’s financial position and its ability to consistently translate operational gains into bottom-line growth, according to the financial results.
Revenues amounted to AED 271.41 million in January-March 2026, an annual leap of 66% from AED 163.22 million.
The basic and diluted earnings per share (EPS) increased to AED 0.0028 during Q1-26 when compared to AED 0.0014 a year earlier, according to the financial results.
CEO of Union Properties, Amer Khansaheb, said: “With a deleveraged balance sheet and restored shareholder returns, we are now operating from a position of strength and focus. Our performance reflects disciplined execution and a continued focus on efficiency and value creation.”
He added: “As we move ahead, we are accelerating development, unlocking portfolio value, and positioning the company for scalable, sustainable growth within Dubai’s evolving real estate market.”
Last year, the real estate developer generated net profits after tax valued at AED 462.45 million, while the sales hit AED 736.88 million.
