A cash dividend has been proposed by Union Properties for the first time since 2015, marking a major milestone in the company’s long-term turnaround strategy. The proposed payout of 3 fils per share follows a year of improved earnings and strengthened liquidity.
Following financial distress, governance issues, and heavy debt in 2021–2022, Union Properties underwent a comprehensive restructuring. Operations were streamlined, legacy liabilities were addressed, and a new leadership team was installed to restore financial discipline and corporate stability.
According to its 2025 audited results, revenue increased by 39.4 per cent to Dh736.9 million, while operating profit rose to Dh240.7 million. Cash reserves were reported at Dh494.2 million, representing the strongest liquidity position in recent years.
With legacy debt fully repaid and development activity progressing, Union Properties is said to be better positioned to balance capital expenditure, expand its project pipeline, and deliver sustainable shareholder returns. Final approval of the dividend remains subject to shareholder and regulatory consent.
