Home UAE Dubai Dubai’s Union Properties 2013 Profit Soars Eightfold The company said it was recommending a five per cent bonus share dividend to shareholders for 2013. by Reuters February 3, 2014 Union Properties, a Dubai-based real estate developer, said on Monday that its net profit jumped more than eightfold to Dhs1.58 billion ($430.2 million) last year from Dhs175.8 million in 2012. The brief statement did not give a reason for the increase, but companies across Dubai’s property sector are booming as the real estate market recovers from its 2008-2010 crash. The company also said it was recommending a five per cent bonus share dividend to shareholders for 2013 in a separate statement to the Dubai stock exchange. 0 Comments
