1. United Arab Emirates Stocks

  2. •

    Finance

  3. •

    Real estate development
Union Properties (P.J.S.C)

Union Properties (P.J.S.C)

DDFM:UPP
0.56
AED
-0.01
(-2.10%)
2.00BMarket Cap
Nov 02Next Earn
Union Properties (P.J.S.C)
DFM:UPP
(Dubai Financial Market)

Recent

price

0.56

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
AED
0.67
1.15
0.38
0.53
0.17
0.14
0.16
0.11
0.12
0.1
0.09
0.09
0.1
0.12
0.12
0.17
- -
Revenue per Share
-0.36
-0.37
0.04
0.37
0.2
0.1
0.05
-0.55
0.01
-0.05
0.05
-0.23
0.01
0.2
0.06
0.11
- -
Basic EPS, GAAP
0.09
0.47
-0.04
-0.1
-0.04
-0.02
-0.02
0.01
-0.02
-0.02
-0.01
-0.03
- -
-0.02
-0.04
0.05
-0.02
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.92
0.56
0.6
0.97
1.17
1.3
1.27
0.62
0.68
0.63
0.67
0.45
0.46
0.65
0.74
0.85
1.24
Book Value per Share
0.91
0.55
0.6
0.97
1.17
1.3
1.27
0.62
0.68
0.63
0.67
0.45
0.46
0.65
0.74
0.83
1.2
Tangible Book Value per Share
4,288
4,288
4,288
4,288
4,290
4,290
4,290
4,290
4,290
4,290
4,290
4,290
4,290
4,290
4,290
4,290
4,290
Basic Weighted Avg Shares
2,868
4,925
1,642
2,283
747
613
701
485
501
423
376
399
419
508
529
737
- -
Sales/Revenue/Turnover
15.9
10.83
5.16
-30.01
-52.6
-49.8
-19.99
-80.25
-32.6
-15.21
-30.18
-13.07
1.86
6.13
-1.15
-8.1
- -
Operating Margin (%)
34
22
19
18
15
15
15
17
13
17
17
13
11
9
14
28
- -
Depreciation Expense
-1,529
-1,570
176
1,580
865
435
211
-2,375
62
-224
201
-967
30
838
276
462
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9.37
9.04
- -
Effective Tax Rate (%)
-53.32
-31.88
10.7
69.19
115.73
70.88
30.16
-490.13
12.44
-52.97
53.47
-242.48
7.15
164.88
52.13
62.76
- -
Profit Margin (%)
290
-822
-593
-509
-198
-424
-297
-1,015
-1,598
-1,926
-1,811
-1,400
-1,239
-19
566
831
1,044
Working Capital
4,419
2,796
2,998
1,078
1,436
1,304
1,269
919
563
532
483
327
352
230
189
245
224
LT Debt
3,957
2,387
2,563
4,138
4,998
4,819
5,030
2,655
2,930
2,709
2,894
1,927
1,957
2,795
3,191
3,653
3,543
Total Equity
- -
- -
1.83
-14.89
-8.94
-6.42
-2.67
- -
-1.44
- -
-12.75
- -
0.37
3.03
3.8
5.67
- -
Return on Invested Capital (%)
- -
- -
5.4
28.02
15
8.35
4.51
- -
4.18
- -
7.04
- -
3.59
27.5
7.69
12.5
- -
Return on Capital (%)
-32.39
-49.49
7.1
47.14
18.93
8.85
4.29
-61.82
2.23
-7.96
7.17
-40.1
1.54
35.25
9.21
13.51
- -
Return on Common Equity (%)

Capital Structure

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
97
98
96
LT Borrowings
232
225
213
LT Finance Leases
13
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,290
4,290
2,858
Market Capitalization
3,599
3,007
2,001

Working Capital

AED

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,629
2,023
1,757
Cash, Cash Equivalents & STI
360
309
312
Accounts Receivable, Net
214
255
222
Inventories
6
580
612
Total Current Liabilities
798
820
713
Payables & Accruals
- -
- -
- -
ST Debt
97
98
96
Deferred Revenue
- -
- -
- -

Growth Rates

AED

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.64%
7.92%
14.49%
Free Cash Flow
-102.69%
-122.21%
-235.17%
Net Income, GAAP
-1.64%
402.1%
67.78%
Sales/Revenue/Turnover
3.59%
15.17%
39.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
138
128
123
140
529
2025
163
152
- -
224
737
2026
271
258
- -
- -
- -

Quarterly Earnings Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.05
0.06
2025
- -
- -
- -
0.08
0.11
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

AED

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Union Properties Public Joint Stock Company (UPP.AE) invests in, develops, manages, and maintains real estate properties in the United Arab Emirates. The company operates through four segments including Real Estate Property Management; Contracting Activities; Investing Activities; and Sales of Goods and Services, with a project portfolio encompassing master communities, residential developments such as apartments and townhouses, commercial properties, hospitality assets, and industrial projects; it also provides facilities management, security, mechanical, electrical and plumbing works, energy management services, central air-conditioning manufacturing, fire fighting equipment assembly, cold storage and warehousing, motor racing track building and consultancy via Dubai Autodrome, interior decoration, lifeguard services, and owners association management. Founded in 1987 and headquartered in Dubai, United Arab Emirates, Union Properties focuses its operations primarily within the UAE, particularly in Dubai regions like Dubai Investment Park, Motor City, Green Community, and Uptown Mirdif, targeting end-users, investors, and commercial clients across residential, leisure, and infrastructure sectors; subsidiaries such as ServeU support integrated facilities management. In recent developments, the company launches the AED 2 billion Takaya project in Motor City featuring three residential towers with 788 homes, a 500-meter shopping boulevard, and wellness spaces; completes a AED 700 million sale agreement for a Motor City real estate project under deferred payment terms to close legacy debt restructuring and boost Q4 2025 financials following AED 1.3 billion in 2024 plot sales; secures AED 150 million in new bank loans for investments while reducing financing costs and legacy debt; and through ServeU, acquires House Keeping LLC and House Keeping Domestic Workers LLC for AED 100 million in August 2025, enhancing facilities management with added manpower services projected to contribute 23% to revenue and 33% to EBITDA.