Union Properties announces first dividend in 11 years following record 2025 results
Wednesday, 18 February 2026
Union Properties has proposed a Dh3 fils per share dividend after delivering strong 2025 results, marked by rising revenues, record cash reserves and a strengthened financial position.
Key Highlights:
- Proposed cash dividend of Dh3 fils per share, first since 2015.
- 2025 revenue increased 39.4% to Dh736.9 million.
- Operating profit rose to Dh240.7 million from Dh161.8 million in 2024.
- Cash reserves reached Dh494.2 million, reflecting robust liquidity.
- Full repayment of legacy debt strengthens balance sheet.
- Marked improvement in profitability and financial stability.
- Leadership highlights renewed focus on long-term shareholder value.
- Entering 2026 with strong momentum and strategic clarity.
- Advanced development pipeline with Dh2 billion Mirdad project in Motor City.
- Mirdad to feature four towers with 1,087 apartments and lifestyle amenities.
- Company balancing growth investment with shareholder returns.
- Dividend proposal subject to shareholder and regulatory approval.
- Positioned for sustained expansion and value creation in the coming years.
