Union Properties shareholders to OK 5% bonus shares

Union Properties (UP) held an ordinary general meeting on Thursday, April 10, which approved distributing 5% bonus shares.

FY13 financial statements reflected net earnings of AED 1.579 billion, compared to AED 175.789 million in FY12.

The developer revealed plans to develop 5 residential towers as part of Dubai Motor City at a total value of almost AED 1 billion.