Union Properties announces $8.82m profit for H1 2021 ...United Arab Emirates

Union Properties, the Dubai-based real estate developer listed on Dubai Financial Market and its diversified subsidiaries, has announced its consolidated financial results for the six months ended June 30, 2021, with a total profit of $8.82 million, compared to a loss of $43.6 million for the same period in 2020. In a statement, the developer said that its profits increased by 483% in the second quarter of 2021 – with profits reaching $7.30 million – compared to the first quarter of the year. The most notable positive results came from revenues from customer contracts which increased to approximately $53.7 million while the company’s assets increased to $1.63 billion, and in terms of financi

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