Home UAE Dubai Dubai’s Union Properties Q3 Net Profit Drops 26% The developer made a net profit of Dhs127.93 million ($34.8 million) in the third quarter compared with Dhs171.89 million in the corresponding period of 2013. by Reuters November 11, 2014 Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Dubai’s Union Properties reported a 26 per cent slump in its third-quarter net profit on Tuesday, as revenue from property management and home sales dropped. The developer made a net profit of Dhs127.93 million ($34.8 million) in the third quarter compared with Dhs171.89 million in the corresponding period of 2013, the company said in a statement to Dubai’s bourse. Revenue for the quarter slumped to Dhs445.67 million from Dhs1.22 billion in the prior-year period. 0 Comments