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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

Bloomberg Businessweek Middle East - Business news and analysis Dubai Investments Looks to Cash In On Growth Bloomberg Businessweek Middle East - Business news and analysis Kalban, who is also chairman of Dubai-based developer Union Properties , dismisses talk of a bubble, saying government measures are helping to curb speculation and cool the market. 'Most developers have learnt lessons from the crisis, they know the ... More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Dubai Ready for Housing Slump, Say Analysts Bloomberg Businessweek Middle East - Business news and analysis ... million square-meter Dubai Hills development with government-owned Meraas Holding. Emaar is up 11 per cent in Dubai trading this year, while competitor Damac Properties Dubai Co. gained about 19 per cent and Union Properties advanced 11 per cent. More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Demand Rises for Affordable Housing in Dubai Bloomberg Businessweek Middle East - Business news and analysis Though developers are shifting toward lower-priced homes as luxury demand subsides, those properties will still be beyond the reach of many, according to Khalid Bin Kalban, chairman of private developer Union Properties . 'The problem is people at the ... More ...


News Item

Bloomberg This Time It's Different: Dubai Seen Ready for Housing Drop Bloomberg Emaar is up 11 percent in Dubai trading this year, while competitor Damac Properties Dubai Co. gained about 19 percent and Union Properties PJSC advanced 11 percent. Emaar was down 0.9 percent in Dubai trading at 8.03 dirhams as of 1:32 p.m.. and more » More ...


News Item

The National Emirates Reit expects decent returns from Index Tower fit-outs The National These were acquired through a series of transactions with Index Tower's developer, Union Properties , last year. The trust has completed the 10th floor, which contains 12 offices ranging from 1,279 to 1,588 square feet. The leasable space on the floor ... and more » More ...


News Item

The National DIFC aims to make retail strip go-to destination day and night The National Dubai's financial free zone expects to attract thousands of residents as it revives its retail offerings to make the precinct a round-the-clock destination. Currently about 5,000 people live in the Dubai International Financial Centre (DIFC) free zone ... More ...


News Item

MIDEAST STOCKS-Oil's turnaround may support Gulf markets Reuters Africa DUBAI, June 16 ( Reuters ) - Stronger oil prices may buoy Gulf stock markets on Tuesday, but retail investors' disappointment with the slow pace of foreign fund inflows in Saudi Arabia and the approach of the Muslim holy month of Ramadan could cap any ... and more » More ...


News Item

MIDEAST STOCKS-Saudi falls as foreigners slow to enter newly opened market Reuters DUBAI, June 15 ( Reuters ) - Saudi Arabia's bourse fell on Monday as modest trading volumes indicated there were no big fund inflows from abroad on the first day that the market opened to direct foreign investment. After rising as much as 0.5 percent in ... and more » More ...


News Item

Mezzan Holding soars 32% on Kuwait market debut The National NCC closed down 9.8 per cent, while Deyaar dropped 8 per cent and Union Properties fell 6.8 per cent. The Abu Dhabi Securities Exchange benchmark fell 0.7 per cent on Thursday. Al Khazna Insurance fell 8.5 per cent, while Eshraq Properties fell 7 per ... and more » More ...


News Item

Amlak and Arabtec mystified by surge, as stocks go into reverse on DFM The National Traders say the surge in the companies' share prices – that has spilt over into other real estate stocks including Union Properties and Deyaar Development – is an almost entirely retail investor-driven phenomenon. 'It looks like the actions of a few ... 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

Bloomberg Businessweek Middle East - Business news and analysis Dubai Investments Looks to Cash In On Growth Bloomberg Businessweek Middle East - Business news and analysis Kalban, who is also chairman of Dubai-based developer Union Properties , dismisses talk of a bubble, saying government measures are helping to curb speculation and cool the market. 'Most developers have learnt lessons from the crisis, they know the ... More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Dubai Ready for Housing Slump, Say Analysts Bloomberg Businessweek Middle East - Business news and analysis ... million square-meter Dubai Hills development with government-owned Meraas Holding. Emaar is up 11 per cent in Dubai trading this year, while competitor Damac Properties Dubai Co. gained about 19 per cent and Union Properties advanced 11 per cent. More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Demand Rises for Affordable Housing in Dubai Bloomberg Businessweek Middle East - Business news and analysis Though developers are shifting toward lower-priced homes as luxury demand subsides, those properties will still be beyond the reach of many, according to Khalid Bin Kalban, chairman of private developer Union Properties . 'The problem is people at the ... More ...


News Item

Bloomberg This Time It's Different: Dubai Seen Ready for Housing Drop Bloomberg Emaar is up 11 percent in Dubai trading this year, while competitor Damac Properties Dubai Co. gained about 19 percent and Union Properties PJSC advanced 11 percent. Emaar was down 0.9 percent in Dubai trading at 8.03 dirhams as of 1:32 p.m.. and more » More ...


News Item

The National Emirates Reit expects decent returns from Index Tower fit-outs The National These were acquired through a series of transactions with Index Tower's developer, Union Properties , last year. The trust has completed the 10th floor, which contains 12 offices ranging from 1,279 to 1,588 square feet. The leasable space on the floor ... and more » More ...


News Item

The National DIFC aims to make retail strip go-to destination day and night The National Dubai's financial free zone expects to attract thousands of residents as it revives its retail offerings to make the precinct a round-the-clock destination. Currently about 5,000 people live in the Dubai International Financial Centre (DIFC) free zone ... More ...


News Item

MIDEAST STOCKS-Oil's turnaround may support Gulf markets Reuters Africa DUBAI, June 16 ( Reuters ) - Stronger oil prices may buoy Gulf stock markets on Tuesday, but retail investors' disappointment with the slow pace of foreign fund inflows in Saudi Arabia and the approach of the Muslim holy month of Ramadan could cap any ... and more » More ...


News Item

MIDEAST STOCKS-Saudi falls as foreigners slow to enter newly opened market Reuters DUBAI, June 15 ( Reuters ) - Saudi Arabia's bourse fell on Monday as modest trading volumes indicated there were no big fund inflows from abroad on the first day that the market opened to direct foreign investment. After rising as much as 0.5 percent in ... and more » More ...


News Item

Mezzan Holding soars 32% on Kuwait market debut The National NCC closed down 9.8 per cent, while Deyaar dropped 8 per cent and Union Properties fell 6.8 per cent. The Abu Dhabi Securities Exchange benchmark fell 0.7 per cent on Thursday. Al Khazna Insurance fell 8.5 per cent, while Eshraq Properties fell 7 per ... and more » More ...


News Item

Amlak and Arabtec mystified by surge, as stocks go into reverse on DFM The National Traders say the surge in the companies' share prices – that has spilt over into other real estate stocks including Union Properties and Deyaar Development – is an almost entirely retail investor-driven phenomenon. 'It looks like the actions of a few ... 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.