Union Properties PJSC has approved a cash dividend of 3 fils per share, marking the company’s first payout in 11 years.
As a result, the decision points to a major improvement in the company’s financial position. After years of restructuring, Union Properties now has stronger cash flow, better liquidity, and the ability to return value to shareholders.
Financial Performance Improves
At the same time, the company reported strong financial results.
Revenue rose to Dh736.9 million, up 39.4 percent from Dh528.7 million in 2024. Meanwhile, operating profit increased from Dh161.8 million to Dh240.7 million.
In addition, cash reserves climbed to Dh494.2 million, giving the company one of its strongest liquidity positions in recent years.
Together, these figures show that Union Properties has rebuilt its finances through tighter operations and more disciplined management.
Stronger Governance and Shareholder Support
Meanwhile, the company held its Annual General Meeting on April 7.
For the first time in six years, shareholders reached a quorum on the first call, with 68 percent participation. Because of that, the meeting highlighted growing confidence among investors.
During the meeting, shareholders also elected a new Board of Directors for the next three years. As a result, the company strengthened both its governance and its long-term direction.
Leadership Points to a New Chapter
In response to the results, Chairman Mohamed Fardan Ali AlFardan said the company’s stronger financial performance shows that it has made steady progress.
Likewise, CEO Amer Khansaheb described the dividend as an important milestone.
According to him, the approval marks the beginning of a new phase focused on consistent performance and creating long-term value for shareholders.
The Next Phase
Now, Union Properties PJSC is moving beyond recovery and into a new stage of growth.
With higher profits, stronger cash reserves, and better alignment between management and shareholders, the company now has the foundation to continue paying dividends.
The turnaround is complete. From here, the focus shifts to delivering results.
A view of apartments in Motor City Dubai, a Union Properties project. Photo: File
