Union Properties Approves First Dividend in 11 Years, Signaling Strong Financial Comeback

Wednesday, 8 April 2026

Union Properties announces its first dividend payout in over a decade, reflecting strong financial performance, improved liquidity, and renewed shareholder confidence.

Key Highlights

Union Properties PJSC has approved a cash dividend of 3 fils per share, marking its first dividend distribution in 11 years.
The milestone reflects the company’s strong financial recovery and improved cash position following a multi-year transformation strategy.
The decision signals renewed confidence in delivering consistent shareholder returns and long-term value creation.
The company’s Annual General Meeting (AGM) witnessed 68% shareholder participation, successfully achieving quorum on the first call for the first time in six years.
During the AGM, a new Board of Directors was elected for a three-year term, marking the start of a new growth phase.
Chairman Mohamed Fardan Ali AlFardan highlighted the company’s robust financial performance and strategic progress.
Total revenue reached Dh736.9 million, representing a 39.4% increase year-on-year, showcasing strong business momentum.
Operating profit rose significantly to Dh240.7 million, compared to Dh161.8 million previously, indicating improved operational efficiency.
The company’s cash reserves climbed to Dh494.2 million, reflecting one of its strongest liquidity positions in recent years.
This enhanced financial strength enables the company to support future growth initiatives and maintain stable returns for investors.
CEO Amer Khansaheb described the dividend approval as a defining milestone in the company’s transformation journey.
Over the past four years, Union Properties has focused on disciplined execution, restructuring, and strengthening its financial fundamentals.
The reinstatement of dividends demonstrates the company’s commitment to rewarding shareholders and rebuilding market confidence.
The improved financial performance reflects effective cost management, optimized operations, and strategic decision-making.
The company is now positioned to capitalize on opportunities in Dubai’s growing real estate sector.
Strong liquidity and profitability provide a solid foundation for future investments and expansion plans.
The successful AGM and leadership transition mark a new chapter focused on sustainable growth and governance excellence.
Union Properties aims to continue delivering long-term value through innovation, quality developments, and strategic partnerships.
The dividend announcement reinforces the company’s positive outlook and financial stability, attracting investor interest.
Overall, this milestone highlights Union Properties’ successful turnaround and readiness for a new era of growth and shareholder value creation.