Union Properties posts higher H1 gross profits

HOWEVER, NET PROFIT SLIPS DUE TO INVESTMENT SPEND

- BY MANOJ NAIR

Union Properties confirmed more progress in its comeback journey with a 44 per cent spike in gross profits for the first six months of 2025. The total was Dh75.6 million against Dh52.6 million a year ago.

But when it comes to H1-25 net profit, the Dubai developer’s numbers come in lower — Dh14.5 million against Dh34.7 million for H1-2024.

The drag factors