Union Properties has announced a strong 44% increase in gross profit for the first half of 2025, reaching AED 75.6 million. This is a big jump from AED 52.6 million in the same period last year. The growth shows the company’s better performance and strong planning. The total revenue also went up to AED 316 million from AED 266 million in the first half of 2024. This growth highlights that Union Properties is moving in the right direction.
In the second quarter of 2025 alone, revenue reached AED 152.4 million, which is a 19% increase compared to AED 128 million in Q2 of 2024. Gross profit during this quarter was AED 32.9 million, showing a big improvement of almost 78%. This means the company is earning more from its business after covering basic costs. Some expenses went up because the company is investing in early-stage development and digital tools that will help in the long run.
Union Properties Dubai sees strong quarterly gains
However, net profit for the first half of 2025 dropped to AED 14.5 million compared to AED 34.7 million last year. This fall happened because the company is spending money to build new projects and improve systems. Still, financial costs have slightly reduced to AED 14.28 million from AED 15 million last year.
UPP share price draws investor attention
Union Properties Dubai is also focusing on reducing its debts. It had planned to pay AED 150 million in bank loans. So far, it has paid back AED 20 million. The rest will be cleared in the third quarter of 2025 when expected payments are received. One major step is the sale of a property in Motor City for AED 700 million, which is expected to be completed in the fourth quarter of 2025. This sale will help the company get more value from its land.
Today, Union Properties Dubai is seen as one of the top real estate companies in UAE. The company has not officially confirmed the AED 5 billion figure in recent filings. However, several media outlets have reported that Union Properties is working on large-scale development projects in line with its long-term goals. The company continues to reduce its debt while moving ahead with new developments. Many investors are closely tracking the UPP share price as a result. With growing profits and steady planning, Union Properties appears to be on a solid path toward recovery and future growth.
