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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 2013 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 2013 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


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UPP latest news (links open in new window)Top

News Item

UPDATE 1-MIDEAST STOCKS-Most markets edge down on profit-taking ... Reuters Africa (Updates with markets open). DUBAI Aug 26 ( Reuters ) - Most markets in the Middle East slipped in early trade on Tuesday as investors continued to book profits in some bourses and remained cautious about others, partly because of geopolitical concerns. and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Banks support Qatar, most markets edge up Reuters Africa DUBAI Aug 25 ( Reuters ) - Conventional and Islamic lenders lifted Qatar's bourse in early trade on Monday while stock markets in the United Arab Emirates rose slightly on the back of mid- and small-cap stocks, and Egyptian property developers continued their uptrend. Qatar's benchmark rose 0.6 percent, led by Islamic lender ... Dubai's index added 0.2 percent in the first hour of trading as developers Deyaar and Union Properties rose 1.6 and 0.9 percent respectively. But the emirate's largest listed developer, Emaar ... and more » More ...


News Item

Saudi Stocks Jump to 6-Year High on Ownership Rules; Dubai Gains Bloomberg Union Properties PJSC added 3.7 percent to 2.25 dirhams, the strongest close in two months. 'Some of the foreign flows will spill over to the other regional markets,ā€¯ Nayal Khan, head of institutional ... To contact the reporters on this story: Sarmad Khan in Dubai at skhan170@ bloomberg .net; Deema Almashabi in Riyadh at dalmashabi@ bloomberg .net; Ahmed A. Namatalla in Cairo at anamatalla@ bloomberg .net. To contact the editors responsible for this story: Samuel Potter at spotter33@ bloomberg .net Dana El ... and more » More ...


News Item

Dubai's Emicool gets $245 mln financing for expansion Reuters Emicool, a venture between Dubai Investments and Union Properties , offers cooling services in some areas of the emirate and has an installed capacity of 330,000 tonnes of refrigerant. It did not reveal pricing details of the facility. The company has said it ... and more » More ...


News Item

Property Defaults Seen as Financing Stresses Mount: China Credit Bloomberg ... the way it compiles the data. The inventory of unsold new homes in 20 large cities jumped to an average equivalent of more than 23 months of sales in June, according to Shenzhen World Union Properties Consultancy Inc. The floor space of unsold new apartments nationwide as of June 30 surged 25 percent from a year earlier, government data show. ... Chen in Shanghai at xchen45@ bloomberg .net. To contact the editors responsible for this story: Katrina Nicholas at knicholas2@ bloomberg .net Andrew Monahan. and more » More ...


News Item

Stability returns to UAE markets with strong Q2 earnings The National The heavyweights Emaar Properties and Aldar Properties were up 16.2 per cent and 21.6 per cent respectively, while others such as Union Properties , Deyaar Development and RAK Properties outperformed the heavyweights, gaining 34.2 per cent, 39.2 per ... and more » More ...


News Item

China Home Glut May Worsen as Developers Avoid Price Drop Bloomberg The inventory of unsold new homes in 20 large cities jumped to an average of more than 23 months of sales in June, according to Shenzhen World Union Properties Consultancy Inc. data compiled by Bloomberg News. The floor space of unsold new ... and more » More ...


News Item

UAE stocks slip after Eid holiday The National Union Properties fell 1.3 per cent to Dh2.13, while Deyaar Development jumped 2.4 per cent to Dh1.28. The Dubai Financial Market General Index closed 0.8 per cent lower at 2,842.82 points, while the Abu Dhabi Securities Exchange General Index was ... and more » More ...


News Item

Dubai Stocks Erase June Nightmare With Best Month Since 2007 Bloomberg Union Properties PJSC climbed 4.4 percent. Dubai's measure gained 2 percent to 4,833.24, bringing the monthly advance to 23 percent, the strongest since October 2007, according to data compiled by Bloomberg . Nine of the regularly traded stocks in the ... and more » More ...


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

UPP opinion, news, reports, researchTop


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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

UPDATE 1-MIDEAST STOCKS-Most markets edge down on profit-taking ... Reuters Africa (Updates with markets open). DUBAI Aug 26 ( Reuters ) - Most markets in the Middle East slipped in early trade on Tuesday as investors continued to book profits in some bourses and remained cautious about others, partly because of geopolitical concerns. and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Banks support Qatar, most markets edge up Reuters Africa DUBAI Aug 25 ( Reuters ) - Conventional and Islamic lenders lifted Qatar's bourse in early trade on Monday while stock markets in the United Arab Emirates rose slightly on the back of mid- and small-cap stocks, and Egyptian property developers continued their uptrend. Qatar's benchmark rose 0.6 percent, led by Islamic lender ... Dubai's index added 0.2 percent in the first hour of trading as developers Deyaar and Union Properties rose 1.6 and 0.9 percent respectively. But the emirate's largest listed developer, Emaar ... and more » More ...


News Item

Saudi Stocks Jump to 6-Year High on Ownership Rules; Dubai Gains Bloomberg Union Properties PJSC added 3.7 percent to 2.25 dirhams, the strongest close in two months. 'Some of the foreign flows will spill over to the other regional markets,ā€¯ Nayal Khan, head of institutional ... To contact the reporters on this story: Sarmad Khan in Dubai at skhan170@ bloomberg .net; Deema Almashabi in Riyadh at dalmashabi@ bloomberg .net; Ahmed A. Namatalla in Cairo at anamatalla@ bloomberg .net. To contact the editors responsible for this story: Samuel Potter at spotter33@ bloomberg .net Dana El ... and more » More ...


News Item

Dubai's Emicool gets $245 mln financing for expansion Reuters Emicool, a venture between Dubai Investments and Union Properties , offers cooling services in some areas of the emirate and has an installed capacity of 330,000 tonnes of refrigerant. It did not reveal pricing details of the facility. The company has said it ... and more » More ...


News Item

Property Defaults Seen as Financing Stresses Mount: China Credit Bloomberg ... the way it compiles the data. The inventory of unsold new homes in 20 large cities jumped to an average equivalent of more than 23 months of sales in June, according to Shenzhen World Union Properties Consultancy Inc. The floor space of unsold new apartments nationwide as of June 30 surged 25 percent from a year earlier, government data show. ... Chen in Shanghai at xchen45@ bloomberg .net. To contact the editors responsible for this story: Katrina Nicholas at knicholas2@ bloomberg .net Andrew Monahan. and more » More ...


News Item

Stability returns to UAE markets with strong Q2 earnings The National The heavyweights Emaar Properties and Aldar Properties were up 16.2 per cent and 21.6 per cent respectively, while others such as Union Properties , Deyaar Development and RAK Properties outperformed the heavyweights, gaining 34.2 per cent, 39.2 per ... and more » More ...


News Item

China Home Glut May Worsen as Developers Avoid Price Drop Bloomberg The inventory of unsold new homes in 20 large cities jumped to an average of more than 23 months of sales in June, according to Shenzhen World Union Properties Consultancy Inc. data compiled by Bloomberg News. The floor space of unsold new ... and more » More ...


News Item

UAE stocks slip after Eid holiday The National Union Properties fell 1.3 per cent to Dh2.13, while Deyaar Development jumped 2.4 per cent to Dh1.28. The Dubai Financial Market General Index closed 0.8 per cent lower at 2,842.82 points, while the Abu Dhabi Securities Exchange General Index was ... and more » More ...


News Item

Dubai Stocks Erase June Nightmare With Best Month Since 2007 Bloomberg Union Properties PJSC climbed 4.4 percent. Dubai's measure gained 2 percent to 4,833.24, bringing the monthly advance to 23 percent, the strongest since October 2007, according to data compiled by Bloomberg . Nine of the regularly traded stocks in 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.