Dubai's Union Properties Announces First Dividend In 11 Years After 2025 Revenue Jump

2026-02-16 03:19:11

(MENAFN- Khaleej Times)

The financial results from 2025 recorded a total revenue of Dh736.9 million, a 39.4 per cent jump from the previous year

PUBLISHED: Mon 16 Feb 2026, 11:02 AM

By:
Hind Aldah

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Real estate development company Union Properties announced a cash dividend of Dh3 fils per share, the first in 11 years in a historic milestone. It also reported its financial results for the fiscal year 2025, which recorded a total revenue of Dh736.9 million in total revenue, a 39.4 per cent jump from the previous year.

This marks Union Properties' strongest financial performance in recent years, with over Dh240 million in operating profit, up from Dh161.8 million in 2024. It also reported a record cash balance of Dh494.2 million, the strongest liquidity position achieved in several years.

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In its most recent financial report, the real estate company said that the proposed reinstatement of cash dividends indicates the success of its multi-year recovery plan, the restoration of long-term financial strength, and a renewed commitment to delivering tangible and sustainable return to its shareholders.

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Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties, said that 2025 was the company's strongest financial performance in years, adding that 2026 will bring strong momentum for continued growth due to Union Properties' solid financial foundation and clear strategic directions.

“Our strongest financial performance in years, supported by record cash balances, enhanced profitability, full repayment of legacy debt, and the proposed reinstatement of dividend payments, reflects the strength of our transformation and our renewed commitment to delivering long-term shareholder value,” Khansaheb said.

Union Properties also advanced its development strategy with the unveiling of Mirdad, a Dh2-billion master-planned residential project in Motor City. The community features four towers comprising 1,087 apartments and a limited number of lofts, all designed with contemporary layouts and supported by more than 26 integrated lifestyle amenities.

Operationally, the company's subsidiary ServeU expanded its footprint with the acquisition of House Keeping LLC, one of the UAE's largest manpower and domestic workforce providers.