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Dubai Union Properties Profit Increases 483% In Q2 2021

Dubai Union Properties Profit Increases 483% In Q2 2021

The most notable positive results came from revenues from contracts with foreign clients. Revenue growth was $ 53.7 million.

Dubai Union Properties is an iconic Dubai developer operating in Dubai financial market. Its diversified subsidiaries announced their consolidated financial results for the 6 months ended 30 June 30, 2021 with a total profit of US $ 32.4 million, compared to the unprofitable 2020 of US $ 160.4 million - stunning result.

The company's profit increased by 483% in the 2nd quarter of 2021 and reached $ 26.83 million compared to the 1st quarter of the previous year.

In the 2nd quarter of this year, market players witnessed a significant shift in many types of business activities, especially in the real estate sector in the UAE in general and in Dubai in particular. This confirms the confident movement towards the path of overcoming the negative consequences of the pandemic.

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