
Union Properties PJSC
Pressreleases, Reports and Disclosures for Union Properties PJSC
Union Properties PJSC has signed a conditional sale agreement worth AED 700 million for a real estate project in Motor City, UAE. This deal is a significant step in the company's strategic plan to resolve legacy debt and strengthen its financial position. Following record plot sales of AED 1.3 billion in 2024, this agreement is set to be reflected in the company's Q4 2025 financials. The project will enhance the Motor City community and is structured under a deferred payment plan, ensuring cash flow and financial stability. The proceeds from this sale will allow Union Properties to settle its outstanding debt, marking the end of its recovery strategy and enabling a shift towards sustainable growth and long-term value for shareholders.