Union Properties Reports 68% Revenue Growth and Dh4B Pipeline

Summary:

Union Properties is advancing plans for a Dh2 billion residential community as part of a Dh4 billion project pipeline, following a 68% revenue increase in the first half of 2026. Revenue reached Dh529.3 million, up from Dh316 million the previous year, with gross profit rising 41% to Dh107 million. The company anticipates Dh3.87 billion in potential development revenue through 2028. With strong cash balances exceeding Dh400 million, Union Properties aims to enhance project delivery and profitability while managing ongoing developments like Takaya and Mirdad.