Latest news with #UnionProperties'
Mid East Info
5 hours ago
- Business
- Mid East Info
Union Properties signs AED 700 million sale agreement, paving way for sustainable growth - Middle East Business News and Information
Union Properties PJSC 'Union Properties' or the 'Company' DFM symbol: UPP, has signed a conditional sale agreement valued at AED 700 million for a significant Real Estate project in Motor City. This marks a pivotal milestone in the Company's strategic roadmap, effectively concluding its comprehensive recovery plan which was designed to resolve all legacy debt settlements and restore long-term financial strength. Building on a record AED 1.3 billion in plot sales achieved in 2024 as part of its comprehensive debt restructuring strategy, this latest agreement is expected to be recognized in the Company's Q4 2025 financials. Importantly, the Real Estate project will contribute meaningfully to the continued evolution of MotorCity, one of Dubai's most established and sought-after communities. Structured under a deferred payment framework, the agreement further reinforces Union Properties' disciplined financial approach, with the initial deposit already secured, ensuring strong cash flow visibility and continued balance sheet optimization. Upon completion, the proceeds will enable the Company to fully settle its legacy debt, marking the culmination of a multi-year recovery strategy. This milestone positions the Company to pivot decisively toward a new phase of sustainable growth, strategic capital deployment, and long-term value creation for its shareholders. Eng. Amer Khansaheb, CEO and Board Member of Union Properties, commented on the achievement, stating: 'This transaction is more than a sale – it is a signal of strength. With this transition, we bring our recovery plan to a close, settle all legacy debts, and lay the foundation for a bold new chapter. This milestone reflects not only the trust and confidence of the market in our vision, but also the resilience and discipline of our team in executing one of the most successful turnaround strategies in the sector. Today, we build from a position of strength, focused on strategic development, long-term value creation, and a sustainable impact across the UAE's Real Estate landscape.' Union Properties remains committed to delivering value-driven, market-responsive developments that elevate communities and support Dubai's broader urban vision. As the Company continues to execute its strategic objectives, this landmark transaction signals its resilience, agility, and forward momentum in an increasingly competitive market.
Web Release
11 hours ago
- Business
- Web Release
Union Properties signs AED 700 million sale agreement, paving way for sustainable growth
Union Properties PJSC ('Union Properties' or the 'Company') (DFM symbol: UPP), has signed a conditional sale agreement valued at AED 700 million for a significant Real Estate project in Motor City. This marks a pivotal milestone in the Company's strategic roadmap, effectively concluding its comprehensive recovery plan which was designed to resolve all legacy debt settlements and restore long-term financial strength. Building on a record AED 1.3 billion in plot sales achieved in 2024 as part of its comprehensive debt restructuring strategy, this latest agreement is expected to be recognized in the Company's Q4 2025 financials. Importantly, the Real Estate project will contribute meaningfully to the continued evolution of MotorCity, one of Dubai's most established and sought-after communities. Structured under a deferred payment framework, the agreement further reinforces Union Properties' disciplined financial approach, with the initial deposit already secured, ensuring strong cash flow visibility and continued balance sheet optimization. Upon completion, the proceeds will enable the Company to fully settle its legacy debt, marking the culmination of a multi-year recovery strategy. This milestone positions the Company to pivot decisively toward a new phase of sustainable growth, strategic capital deployment, and long-term value creation for its shareholders. Eng. Amer Khansaheb, CEO and Board Member of Union Properties, commented on the achievement, stating: 'This transaction is more than a sale – it is a signal of strength. With this transition, we bring our recovery plan to a close, settle all legacy debts, and lay the foundation for a bold new chapter. This milestone reflects not only the trust and confidence of the market in our vision, but also the resilience and discipline of our team in executing one of the most successful turnaround strategies in the sector. Today, we build from a position of strength, focused on strategic development, long-term value creation, and a sustainable impact across the UAE's Real Estate landscape.' Union Properties remains committed to delivering value-driven, market-responsive developments that elevate communities and support Dubai's broader urban vision. As the Company continues to execute its strategic objectives, this landmark transaction signals its resilience, agility, and forward momentum in an increasingly competitive market.
Arabian Post
17-06-2025
- Automotive
- Arabian Post
Everything You Need to Know About the Takaya Motor City Brochure
If you're considering investing in or moving to Takaya at Motor City by Union Properties, one of the smartest first steps is reviewing the official brochure. This comprehensive document gives prospective buyers a detailed overview of the project's master plan, unit layouts, key features, and lifestyle offerings. Whether you're interested in Takaya apartments, Takaya villas, or Takaya townhouses, the brochure provides essential information that helps you make informed decisions — from floorplans to finishes. What Is the Takaya Brochure and Why Does It Matter? ADVERTISEMENT The Takaya at Dubai Motor City by Union Properties brochure is more than just marketing material — it's a complete guide to the community's vision. It includes: Master plan of the takaya motor city project Detailed unit layouts (1-, 2-, and 3-bedroom apartments, townhouses, and villas) Amenity listings Sustainability and smart tech features Design concepts and finishes Construction timeline and phases It gives buyers an authentic Takaya at Dubai Motor City overview, acting as a reference whether you're planning to invest, rent, or reside in this vibrant new development. Explore Every Unit Type: From Compact to Luxurious The brochure dives deep into the floorplans and configurations of various units, including: Takaya 1-bedroom apartments – Smart layouts, ideal for singles and young couples – Smart layouts, ideal for singles and young couples Takaya 2-bedroom apartments – Spacious open-plan living with balconies and ample storage – Spacious open-plan living with balconies and ample storage Takaya 3-bedroom apartments – Family-friendly homes with optional maid's rooms – Family-friendly homes with optional maid's rooms Takaya townhouses – Multi-level residences with private parking and gardens – Multi-level residences with private parking and gardens Takaya motor city villas – Luxury options with full privacy and direct access to green spaces Each section of the brochure showcases room dimensions, balcony access, bathroom counts, and flow of space — giving potential buyers confidence and clarity. Highlighting Takaya Motor City Amenities The brochure also showcases the impressive range of takaya motor city amenities, which are thoughtfully designed to promote wellness, sustainability, and convenience: EV charging stations and bicycle-friendly zones Co-working spaces and cafes Fitness center, swimming pool, and yoga garden Rooftop sky parks and landscaped courtyards Kids' play areas and pet-friendly paths Whether you choose Takaya apartments or Takaya villas, the community infrastructure is tailored for a modern, balanced lifestyle. Inside the Takaya Tower Design Philosophy If you're exploring vertical living, the brochure highlights the architectural approach behind each takaya tower. These structures feature: Elegant modern facades Smart home integration Energy-efficient materials and systems Open corridors and natural ventilation strategies This is where Union Properties' vision truly shines, combining aesthetics with intelligent functionality. Construction Timeline and Delivery Phases Transparency is key when it comes to off-plan developments. The Takaya construction section of the brochure outlines: Current progress by development zone Estimated handover timelines (starting in Q4 2027) Infrastructure rollout schedules for roads, utilities, and public spaces With visuals and milestones clearly mapped, investors can track progress and manage expectations accordingly. How to Access the Brochure You can request the Takaya at Motor City by Union Properties in Dubai brochure directly through their official sales channels or authorized property agents. It's also commonly available at project launches, roadshows, and real estate exhibitions across the UAE. For digital convenience, PDF versions are available to download — perfect for reviewing takaya motor city apartments and floorplans from anywhere in the world. Conclusion: Your Roadmap to Takaya Starts Here Whether you're an investor evaluating the Takaya motor city project or a family seeking your future home, the brochure is your most essential resource. It provides clarity, transparency, and confidence — three things that matter most in off-plan real estate. So before you commit, make sure you've reviewed every page of the Takaya at Motor City by Union Properties brochure. It's the blueprint for Dubai's next-generation living, and your first step toward becoming part of it. Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
Gulf News
17-04-2025
- Business
- Gulf News
Union Properties' share surges to be UAE's best forming - as markets stay flat
Dubai: Union Properties' stock has shot up an eye-catching 40% since the start of the year to date, easily making it the best-performing share on the DFM but the wider UAE capital markets. In fact, in recent days, the Dubai developer's share gained 20% plus before trimming some of the increase. In comparison, the wider DFM is down 0.4% year-to-date, while the ADX general index is flat. Which makes Union Properties' surge all the more of an outlier. 'Emaar Developments is down for the year after an exceptionally strong showing in 2024, while Aldar on ADX has gained 12% year-to-date,' said an analyst. 'It's pure sentiments that seems to be driving UP's share for now – but it's making for an unprecedented run.' Especially when stock market sentiments have been largely muted in the UAE and GCC as investors weigh in what the Trump tariffs on nations and economic blocs would actually mean. The US stock markets have given their response, heading down into correction territory and investors getting spooked. UP's stock is at Dh0.57 against the Dh0.59, which is the 52-week high. The developer is yet to issue any statement on DFM to give its views on why the stock has shot up. Union Properties has in the recent past launched its first project in some time, at Motor City, and also got a firmer grip on its debt exposures. On the 2024 financials, the company inched its way to some health after 3-4 years of underperforming and leading to sizable losses. On the operating profit side for 2024, UP reported Dh161.8 million – and that came about from an impressive 59% gain. Capital reduction At the time, the company said it will proceed with the necessary approval to cut its accumulated losses in full through a capital reduction. 'This step will further conclude the recovery phase of the company, ensuring a robust and clean capital structure that will enable distribution of dividends in the future,' said a statement by UP. According to analysts, UP's management seem to be winning over investors through its recent actions in tackling - and overcoming - its losses over the years. "The best part is that the company is back to launching projects, that too in the mid-income focused residential space," said an analyst. "UP has done a good job in developing Motor City as a destination and the new launch fits right into that narrative." Will UAE stock markets see a bounce? A lot rests on when UAE's flagship airline Etihad decides to go ahead with the planned IPO. The Abu Dhabi company has not made any formal announcement on a likely timeline, but the markets have been abuzz about the possibility for weeks now. "That would be a blockbuster as and when Etihad decides to catch the flight to ADX," said an analyst. "For now, there is still much to cheer about the other IPO that came out this year - Alpha Data on ADX. The stock had a decent first day bounce and is still in positive territory. "It shows fairly priced IPOs will perform well on the subscription side and sustain the momentum on listing."
Yahoo
19-02-2025
- Business
- Yahoo
3 Promising Penny Stocks With Market Caps Over US$50M
Global markets have been experiencing a notable upswing, with U.S. stock indexes nearing record highs and growth stocks outpacing their value counterparts. In this context, penny stocks—though often seen as a niche investment—can still offer intriguing opportunities for those interested in smaller or newer companies. By focusing on penny stocks with solid financial health, investors might find potential for growth and stability in an ever-evolving market landscape. Name Share Price Market Cap Financial Health Rating DXN Holdings Bhd (KLSE:DXN) MYR0.515 MYR2.64B ★★★★★★ Polar Capital Holdings (AIM:POLR) £4.98 £480.06M ★★★★★★ Warpaint London (AIM:W7L) £4.10 £331.23M ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$3.94 HK$44.43B ★★★★★★ Datasonic Group Berhad (KLSE:DSONIC) MYR0.33 MYR932.02M ★★★★★★ Hil Industries Berhad (KLSE:HIL) MYR0.855 MYR278.83M ★★★★★★ Begbies Traynor Group (AIM:BEG) £0.938 £149.49M ★★★★★★ Seng Fong Holdings Berhad (KLSE:SENFONG) MYR0.88 MYR685.57M ★★★★★☆ Embark Early Education (ASX:EVO) A$0.80 A$144.95M ★★★★☆☆ Next 15 Group (AIM:NFG) £3.15 £313.29M ★★★★☆☆ Click here to see the full list of 5,686 stocks from our Penny Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Union Properties (ticker: DFM:UPP) is a company that invests in and develops properties, with a market capitalization of AED1.75 billion. Operations: The company's revenue is derived from three main segments: Contracting (AED25.61 million), Real Estate (AED47.31 million), and Goods and Services (AED455.83 million). Market Cap: AED1.75B Union Properties recently reported a decline in net income to AED 275.64 million for 2024, down from AED 837.62 million the previous year, despite an increase in sales to AED 528.75 million. The company's earnings per share also decreased significantly, reflecting challenges in profitability and efficiency. However, Union Properties has demonstrated financial stability with a satisfactory net debt to equity ratio of 13.1% and short-term assets exceeding liabilities by a healthy margin. While revenue is expected to grow at over 61% annually, the company faces hurdles with its operating cash flow not adequately covering its debt obligations. Get an in-depth perspective on Union Properties' performance by reading our balance sheet health report here. Examine Union Properties' earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Kintor Pharmaceutical Limited is a clinical-stage biotechnology company focused on researching, developing, and commercializing therapeutic drugs for dermatology and tumor indications in China, with a market cap of HK$441.62 million. Operations: Kintor Pharmaceutical Limited has not reported any revenue segments. Market Cap: HK$441.62M Kintor Pharmaceutical, a clinical-stage biotech firm, remains pre-revenue with less than US$1 million in revenue. The company recently completed the first subject enrollment for its Phase III trial of KX-826 tincture for treating male androgenetic alopecia in China. Despite not having meaningful revenue, Kintor has more cash than debt and covers both short-term and long-term liabilities with its assets. However, it faces challenges with a limited cash runway and increasing losses over five years at 22.2% annually. The board's experience is notable, but management tenure data is insufficient to assess expertise fully. Click here and access our complete financial health analysis report to understand the dynamics of Kintor Pharmaceutical. Review our historical performance report to gain insights into Kintor Pharmaceutical's track record. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Zhejiang Reclaim Construction Group Co., Ltd. operates in the construction industry and has a market cap of approximately CN¥2.39 billion. Operations: The company generates revenue of CN¥2.23 billion from its operations in China. Market Cap: CN¥2.39B Zhejiang Reclaim Construction Group, with a market cap of CN¥2.39 billion, operates in the construction sector and generates revenue of CN¥2.23 billion. The company is unprofitable but has reduced its losses by 38.1% annually over the past five years and maintains a sufficient cash runway for over a year based on current free cash flow. Its short-term assets match its short-term liabilities at CN¥3.9 billion each, while long-term liabilities are well-covered by assets. Although it has more cash than debt and reduced its debt-to-equity ratio to 32.8%, return on equity remains negative at -4.86%. Dive into the specifics of Zhejiang Reclaim Construction Group here with our thorough balance sheet health report. Explore historical data to track Zhejiang Reclaim Construction Group's performance over time in our past results report. Unlock more gems! Our Penny Stocks screener has unearthed 5,683 more companies for you to here to unveil our expertly curated list of 5,686 Penny Stocks. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:UPP SEHK:9939 and SZSE:002586. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
