Dubai – Mubasher: The annual general meeting (AGM) of Union Properties approved the distribution of a cash dividend of AED 3 fils per share, marking the company’s first dividend payout in 11 years, according to a press release.

The greenlighted dividends reflect the group’s financial strength, improved cash position, and renewed capacity to deliver consistent shareholder returns following a multi-year transformation.

The AGM, held on April 7, also marked the election of a board of directors for the next three-year term.

Mohamed Fardan Ali AlFardan, Chairman of Union Properties, highlighted the company’s robust financial performance.

Total revenue reached AED 736.90 million in 2025, representing an annual increase of 39.40% when compared to AED 528.70 million.

Operating profit jumped to AED 240.70 million last year from AED 161.80 million in 2024, while cash reserves hiked to AED 494.20 million, reflecting one of the strongest liquidity positions in recent years.

Amer Khansaheb, CEO of Union Properties, stated: “The approval of our first dividend in over a decade marks a defining moment for Union Properties and a clear validation of the progress we have made over the past four years.”

Khansaheb added: “This milestone, alongside the appointment of a board, signals the beginning of a new era for the company, one grounded in financial strength, disciplined execution, and a clear commitment to delivering sustainable, long-term returns for our shareholders.”