Financial Results
Property & Real Estate
Uncategorized
Dubai's Union Properties posts net losses of $59.5m
Dubai-based Union Properties on Thursday announced AED218.8 million ($59.5 million) net losses for 2019, blaming bank financing costs and a "stagnation" in the real estate sector. The losses were compared to a net profit of AED62.3 million in the previous year. In a statement to Dubai Financial Market, the developer…
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