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Share price 15 Apr 2009 0.91 dhs
Price/earnings (annualised)
Latest report UPP 2008 FY report
Stock market Dubai Financial Market
Founding date 23 Feb 1994 Listing date 16 Jun 2001
Auditor  
Chairman of UPP Anis Abdullah Al Jallaf
CEO of UPP Simon E Azzam
Foreign ownership limit Maximum 15%
Total shares outstanding 3,060,778,600
Market capitalisation (AED) 2,785,308,526
Par value 1 Dh per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for UPP orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
UPP reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
UPP 2008 FY 25 Feb 2009 0.76bn 0.25 0.25 0.78 3.1 0.4 12.8% 21.0%
UPP 2008 Q4 25 Feb 2009 -37.6m -0.01 -0.05 0.78   0.4 -2.5% -3.8%
UPP 2008 Q3 26 Oct 2008 245m 0.08 0.32 2.08 6.5 1.1 16.3% 31.0%
UPP 2008 Q2 27 Jul 2008 318m 0.10 0.42 5.58 13.4 2.9 21.9% 34.5%
UPP 2008 Q1 21 Apr 2008 238m 0.09 0.34 5.20 15.2 2.6 17.3% 25.3%
UPP 2007 FY 23 Jan 2008 0.68bn 0.25 0.25 4.78 19.4 2.5 13.1% 23.4%
UPP 2007 Q4 23 Jan 2008 213m 0.08 0.31 4.78 15.6 2.5 16.3% 23.7%
UPP 2007 Q3 24 Oct 2007 177m 0.06 0.25 4.20 16.5 2.3 14.1% 20.6%
UPP 2007 Q2 11 Jul 2007 154m 0.06 0.22 3.41 15.4 2.0 12.7% 26.9%
UPP 2007 Q1 30 Apr 2007 141m 0.06 0.25 2.48 9.8 1.2 12.0% 23.8%
UPP 2006 FY 23 Jan 2007 0.61bn 0.28 0.28 3.26 11.8 1.6 13.5% 24.3%
UPP 2005 FY 0.58bn           15.0% 42.1%
UPP 2004 FY 148m              
Share price 15 Apr 2009 0.91 dhs
Price/earnings (annualised)
Latest report UPP 2008 FY report
Stock market Dubai Financial Market
Founding date 23 Feb 1994 Listing date 16 Jun 2001
Auditor  
Chairman of UPP Anis Abdullah Al Jallaf
CEO of UPP Simon E Azzam
Foreign ownership limit Maximum 15%
Total shares outstanding 3,060,778,600
Market capitalisation (AED) 2,785,308,526
Par value 1 Dh per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for UPP orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
UPP reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
UPP 2008 FY 25 Feb 2009 0.76bn 0.25 0.25 0.78 3.1 0.4 12.8% 21.0%
UPP 2008 Q4 25 Feb 2009 -37.6m -0.01 -0.05 0.78   0.4 -2.5% -3.8%
UPP 2008 Q3 26 Oct 2008 245m 0.08 0.32 2.08 6.5 1.1 16.3% 31.0%
UPP 2008 Q2 27 Jul 2008 318m 0.10 0.42 5.58 13.4 2.9 21.9% 34.5%
UPP 2008 Q1 21 Apr 2008 238m 0.09 0.34 5.20 15.2 2.6 17.3% 25.3%
UPP 2007 FY 23 Jan 2008 0.68bn 0.25 0.25 4.78 19.4 2.5 13.1% 23.4%
UPP 2007 Q4 23 Jan 2008 213m 0.08 0.31 4.78 15.6 2.5 16.3% 23.7%
UPP 2007 Q3 24 Oct 2007 177m 0.06 0.25 4.20 16.5 2.3 14.1% 20.6%
UPP 2007 Q2 11 Jul 2007 154m 0.06 0.22 3.41 15.4 2.0 12.7% 26.9%
UPP 2007 Q1 30 Apr 2007 141m 0.06 0.25 2.48 9.8 1.2 12.0% 23.8%
UPP 2006 FY 23 Jan 2007 0.61bn 0.28 0.28 3.26 11.8 1.6 13.5% 24.3%
UPP 2005 FY 0.58bn           15.0% 42.1%
UPP 2004 FY 148m              

UPP opinion, news, reports, researchTop

UPP latest news (links open in new window)Top

News Item

The National UAE property stocks drop on negative ratings outlook The National Union Properties lost 2.7 per cent to Dh1.07 a share. Deyaar Development fell 4.4 per cent to 76 fils a share. The benchmark Dubai index fell 1.66 per cent to 3,674.40 points. On the Abu Dhabi Securities Exchange, Aldar Properties shares declined 3.2 per ... and more » More ...


News Item

MIDEAST STOCKS-Saudi Arabia jumps on bets that oil has bottomed out Reuters DUBAI, Jan 27 ( Reuters ) - Saudi Arabia's petrochemicals sector surged on Tuesday after OPEC's secretary-general said oil prices might have bottomed out and warned of a jump to $200 a barrel if investment in new supplies became too low. Brent crude traded above $48 per barrel, also supported by a slightly weaker ... Dubai developer Union Properties tumbled 5.8 percent after its 2014 profit fell 45.6 percent and revenues more than halved. Builder Arabtec, on the other hand, surged 5.2 percent after the bourse ... More ...


News Item

UPDATE 1-MIDEAST STOCKS-Uninspiring earnings drag down UAE bourses Reuters DUBAI Jan 27 ( Reuters ) - Uninspiring earnings posted by companies listed in the United Arab Emirates dragged down bourses in Dubai and Abu Dhabi in early trade on Tuesday, while Kuwait edged down after the government announced a draft budget for the next fiscal year. Dubai's index fell 1.0 percent as shares in developer Union Properties tumbled 8.3 percent. The company said its 2014 profit fell 45.6 percent as revenues more than halved; it did not explain the reasons for the slowdown. Builder Arabtec fell ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Gulf markets retreat as oil, global stocks fall Reuters Other real estate names also fell: Emaar Properties was down 1.4 percent and Union Properties dipped 0.8 percent. Abu Dhabi's index fell 1.2 percent and shares in Abu Dhabi Islamic Bank (ADIB) tumbled their daily 10 percent limit. On Sunday, the ADIB ... and more » More ...


News Item

Emirates 24/7 UP breaks ground on Dh680m Green Community DIP project Emirates 24/7 Dubai-based developer Union Properties on Sunday said it broke ground on Dh680 million Phase 3 of Green Community expansion in Dubai Investments Park (DIP). The project will feature 227 units including 210 townhouses, 16 duplex apartments and ... and more » More ...


News Item

Emirates 24/7 UP forays into Dubai's mid-range hotel category Emirates 24/7 Union Properties (UP), a Dubai-based developer, will be launching a 4-star hotel in Dubai Investment Park (DIP), thus entering the mid-range hotel category that is expected to boom by 2020, 'Emirates24|7' can reveal. 'We will be building a boutique hotel, ... More ...


News Item

Dubai shares take a hit on profit-taking The National 'Otherwise, it's quite slow, some profit-taking in the absence of news.” Property and construction stocks led the declines in Dubai. Deyaar Development declined 1.6 per cent to 87 fils a share. Union Properties dropped 4.5 per cent to Dh1.27. Arabtec Holding ... and more » More ...


News Item

UAE shares rise as oil prices rebound The National Property and construction stocks led the gains on the Dubai Financial Market. Arabtec, Dubai's biggest contracting company, advanced 2.5 per cent to Dh3.20 a share. Union Properties rose 4.7 per cent to Dh1.33 a share. Emaar Properties inched 0.6 per cent ... and more » More ...


News Item

Mixed results on UAE bourses The National The Dubai Financial Market rose 0.8 per cent yesterday, while the Abu Dhabi Securities Exchange fell 0.6 per cent. Dar Al Takaful rose 7.5 per cent on the DFM yesterday, while Takaful Emirates gained 4.7 per cent. Union Properties rose 4.1 per cent, while ... More ...


News Item

Emirates 24/7 Top UAE stocks to invest in to make a killing in 2015 Emirates 24/7 The persistent decline in the UAE stock markets has led to a hole in the investors' pockets. ( Reuters ). The UAE stock markets may have been heading lower over the past few weeks due to a decline in oil prices, but 2015 is expected to be a better year for the ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

UPP opinion, news, reports, researchTop

Union Properties financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
UPP First Quarter 2004Q1 2005Q1 2006Q1 2007Q1 2008Q1
UPP Second Quarter 2004Q2 2005Q2 2006Q2 2007Q2 2008Q2
UPP Third Quarter 2004Q3 2005Q3 2006Q3 2007Q3  2008Q3
UPP Preliminary FY Report 2004PR 2005PR 2006PR  2007PR  2008PR 
UPP Final Annual Report 2004FY 2005FY 2006FY 2007FY

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

UPP latest news (links open in new window)Top

News Item

The National UAE property stocks drop on negative ratings outlook The National Union Properties lost 2.7 per cent to Dh1.07 a share. Deyaar Development fell 4.4 per cent to 76 fils a share. The benchmark Dubai index fell 1.66 per cent to 3,674.40 points. On the Abu Dhabi Securities Exchange, Aldar Properties shares declined 3.2 per ... and more » More ...


News Item

MIDEAST STOCKS-Saudi Arabia jumps on bets that oil has bottomed out Reuters DUBAI, Jan 27 ( Reuters ) - Saudi Arabia's petrochemicals sector surged on Tuesday after OPEC's secretary-general said oil prices might have bottomed out and warned of a jump to $200 a barrel if investment in new supplies became too low. Brent crude traded above $48 per barrel, also supported by a slightly weaker ... Dubai developer Union Properties tumbled 5.8 percent after its 2014 profit fell 45.6 percent and revenues more than halved. Builder Arabtec, on the other hand, surged 5.2 percent after the bourse ... More ...


News Item

UPDATE 1-MIDEAST STOCKS-Uninspiring earnings drag down UAE bourses Reuters DUBAI Jan 27 ( Reuters ) - Uninspiring earnings posted by companies listed in the United Arab Emirates dragged down bourses in Dubai and Abu Dhabi in early trade on Tuesday, while Kuwait edged down after the government announced a draft budget for the next fiscal year. Dubai's index fell 1.0 percent as shares in developer Union Properties tumbled 8.3 percent. The company said its 2014 profit fell 45.6 percent as revenues more than halved; it did not explain the reasons for the slowdown. Builder Arabtec fell ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Gulf markets retreat as oil, global stocks fall Reuters Other real estate names also fell: Emaar Properties was down 1.4 percent and Union Properties dipped 0.8 percent. Abu Dhabi's index fell 1.2 percent and shares in Abu Dhabi Islamic Bank (ADIB) tumbled their daily 10 percent limit. On Sunday, the ADIB ... and more » More ...


News Item

Emirates 24/7 UP breaks ground on Dh680m Green Community DIP project Emirates 24/7 Dubai-based developer Union Properties on Sunday said it broke ground on Dh680 million Phase 3 of Green Community expansion in Dubai Investments Park (DIP). The project will feature 227 units including 210 townhouses, 16 duplex apartments and ... and more » More ...


News Item

Emirates 24/7 UP forays into Dubai's mid-range hotel category Emirates 24/7 Union Properties (UP), a Dubai-based developer, will be launching a 4-star hotel in Dubai Investment Park (DIP), thus entering the mid-range hotel category that is expected to boom by 2020, 'Emirates24|7' can reveal. 'We will be building a boutique hotel, ... More ...


News Item

Dubai shares take a hit on profit-taking The National 'Otherwise, it's quite slow, some profit-taking in the absence of news.” Property and construction stocks led the declines in Dubai. Deyaar Development declined 1.6 per cent to 87 fils a share. Union Properties dropped 4.5 per cent to Dh1.27. Arabtec Holding ... and more » More ...


News Item

UAE shares rise as oil prices rebound The National Property and construction stocks led the gains on the Dubai Financial Market. Arabtec, Dubai's biggest contracting company, advanced 2.5 per cent to Dh3.20 a share. Union Properties rose 4.7 per cent to Dh1.33 a share. Emaar Properties inched 0.6 per cent ... and more » More ...


News Item

Mixed results on UAE bourses The National The Dubai Financial Market rose 0.8 per cent yesterday, while the Abu Dhabi Securities Exchange fell 0.6 per cent. Dar Al Takaful rose 7.5 per cent on the DFM yesterday, while Takaful Emirates gained 4.7 per cent. Union Properties rose 4.1 per cent, while ... More ...


News Item

Emirates 24/7 Top UAE stocks to invest in to make a killing in 2015 Emirates 24/7 The persistent decline in the UAE stock markets has led to a hole in the investors' pockets. ( Reuters ). The UAE stock markets may have been heading lower over the past few weeks due to a decline in oil prices, but 2015 is expected to be a better year for the ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

Union Properties comments & notesTop

Union Properties share capital, shares outstanding, dividends

Share numbers from UPP financial statements on ESCA website, some of which are difficult to read, but any errors should not make any material difference.

  • 04 May 2008 - record date 10% share dividend for 07FY (add 278m shares, new total 3,060,778,600 shares) - approved at 22 April 2008 AGM
  • 31 March 2008 - AED 2,782,526,000
  • 31 December 2007 - AED 2,782,526,000 (2.78 billion shares, par value 1 dh)
  • 30 September 2007 - 2,782,526,000 (add 556,505,000 bonus shares 25%)
  • 01 January 2007 - 2,226,021,000
  • 30 September 2006 - 2,225,371,000
  • 31 March 2006 - 2,225,371,000 (add 2,605,000 leftover rights issue, and 444,554,000 bonus shares 25%)
  • 01 January 2006 - 1,778,216,000
23 January 2008

Union Properties releases preliminary statement with 2007 FY profit of AED 684m which was an 11% increase from 2006. EPS of 0.25 makes their shares look a bit more expensive than the market average based on PE but there will be massive increases in reported profits in 2009 and 2010 assuming revenue from sales is booked then.

UPP accounting policy means that they don't record revenue in their income statement from sales until after handover of property has been completed, which is not expected until 2009 for the majority of their properties.

Union Properties projects
  • Dubai Autodrome and Business Park
  • Speedcar events at Dubai Autodrome
  • Nautilus LLC closed 2007
Union Properties properties for sale
  • Green Community
  • Green Community West
  • Index Tower - construction started 2006, completion expected 2008
  • Lake Apartments
  • Limestone House, DIFC
  • Uptown MotorCity
Union Properties rental apartments, villas, commercial
  • Al Loze Villas, Jumeirah, Dubai
  • Al Satwa Villas, Satwa, Dubai
  • Al Wasl Villas,
  • Creekside Residence
  • Jumeirah Park Villas
  • Mussallah Towers and Mall, Dubai
  • Nadd Rashid Villas, Dubai
  • Net.community, Dubai
  • Opal Building, Bur Dubai
  • Radio Tower Villas, Umm Suqeim, Dubai
  • Skywalk Towers (Marriott Executive Apartments), Deira, Dubai
  • The Tower, Sheikh Zayed Road, Dubai
  • Union House, Deira, Dubai
  • Union Tower, Sheikh Zayed Road, Dubai
  • Union Properties Cold Stores & Warehousing, Dubai
24 February 2007
  • Union Property Private Limited founded in 1987.
  • Company floated in 1993 as Union Properties PJSC.
  • DFM site says dates are establishment 28 Oct 1993, listing 26 Mar 2000.
  • DFM site says email contact is saeedy@emiratesbank.com - might be because UPP is partly owned by Emirates Bank International (EBI).
Contact details and investor informationTop
  • Union Properties, PO Box 24649, Dubai, UAE. Tel +971-4-8851555.
  • www.up.ae - UPP website home page.
  • up@up.ae - Union Properties email.
UPP - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.dfm.ae - DFM information, financial disclosures and news.

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This page last updated 26-Nov-2009. Company information last updated 27 Jul 2008. E & OE.