Dubai – Mubasher: Union Properties (UP) posted a 0.71% year-on-year rise in its profits in the first quarter of 2017, chairman Khalid bin Kalban told CNBC Arabia.

Profits reached AED 42.4 million in Q1-17, compared to AED 42.1 million in Q1-16.

The company posted profits of AED 211.42 million in 2016, up 51.4% from AED 434.6 million in 2015.