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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 Union Properties forum  Replies   Views   Last Post 
UPP F1 theme park suspended 1 115 27 Feb 09 01:57
UPP EFG report 2008Q4 2 95 26 Feb 09 15:44
UPP 2008Q4 loss AED38m 3 210 26 Feb 09 12:23
« Dubai property report Morgan Stanley 0 7 04 Feb 09 00:13
Union Properties convertible bond 7 1045 27 Jan 09 09:44
UPP fundamental conflict 11 1057 05 Jan 09 22:04
« DIC to buy UPP bonds 1 52 31 Dec 08 14:53
« UPP Credit Suisse report 0 3 19 Dec 08 17:35
« EFG Union Properties report 0 19 02 Dec 08 07:45
« Emaar to review their staffing 4 75 15 Nov 08 15:01

UPP latest news (links open in new window)Top

News Item

Emirates 24/7 Dubai's UP to break ground on Dh1.5bn MotorCity projects Emirates 24/7 Union Properties (UP), a Dubai-based developer, will commence construction of Dh1.1 billion The Vertex, a five high-rise towers, in MotorCity by early next year, a company spokesperson told Emirates 24|7. 'The enabling works contract will be awarded by ... More ...


News Item

UAE stock markets thrive on Fed rate hike expectations The National Shares in the DFM, the listed bourse operator, rose 5.8 per cent to Dh1.62, with Deyaar Development, Emaar Malls Group and Union Properties all rising by more than 2.5 per cent each on the day. In the capital, the financial service sector was the main ... and more » More ...


News Item

The National Emaar shares slump to lowest in three months The National Union Properties stock declined 4.4 per cent in trading to close at 95 fils, Damac shares fell 3.5 per cent to close at Dh2.20 and Arabtec stock was down 3.65 per cent to close at Dh2.64. 'Emaar shares are not the only stock to be falling today,ā€¯ said Harshjit ... and more » More ...


News Item

Bond drought benefits Emaar sukuk as property slump saps shares The National The slowest start to any year since 2010 for sales of Shariah-compliant bonds from Arabian Gulf countries is working out just fine for holders of debt from Dubai's Emaar Properties. The company's Islamic bonds are clinging to gains even as shares in the ... and more » More ...


News Item

Emirates 24/7 Affordable housing for Dh10k earners in Dubai Emirates 24/7 Related articles. Dubai to build affordable houses for people earning Dh3,000 to Dh10,000 per month · Dubai's Union Properties mulls share buyback · 'Dubai will need many more residential units in coming years' · Business hails UAE's win, expect iconic ... and more » More ...


News Item

Emirates 24/7 Dubai's Union Properties mulls share buyback Emirates 24/7 Union Properties (UP), Dubai-based real estate developer, will consider buying back shares if the price falls below face value, according to company chairman. 'We will have to think about it [buyback] when the share price comes below the face value. More ...


News Item

Falling oil prices weigh down UAE bourses The National Falling oil prices dragged on Dubai and Abu Dhabi on Sunday, with benchmarks in both exchanges closing at their lowest levels since January 7. The Dubai Financial Market General Index ended the day down 2.54 per cent at 3,613.55. Stocks in the capital ... and more » More ...


News Item

Emirates 24/7 Over 2600 cars recalled in UAE Emirates 24/7 The Japanese, American and German automobile companies have announced major recall of a more than 2,600 vehicles of different models due to defects in the UAE. Japanese firm Honda has recalled 2003-04 models of its popular sedan vehicles Civic ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Gulf mkts slip, Qatar's Ooredoo drops on profit ... Reuters 31, well below the views of two analysts polled by Reuters , who had forecast 602.4 million riyals and 607.8 million riyals. Qatar Gas Transport Co tumbled 6.3 percent as it went ex-dividend and was another major drag on the market. Dubai's index fell 0.8 percent and Union Properties was among the most traded stocks as it slid 1.9 percent, after surging 5.9 percent in the previous session when it announced its first cash dividend since 2002. Orascom Construction dropped 2.5 percent on NASDAQ Dubai ahead of its ... and more » More ...


News Item

MIDEAST STOCKS - Factors to watch - March 11 Reuters Reuters has not verified the press reports and does not vouch of their accuracy. INTERNATIONAL/REGIONAL. * GLOBAL MARKETS-Asia ... Dubai's Union Properties proposes first cash dividend since 2002. SAUDI ARABIA. * Saudi Arabia keeps April crude ... and more » More ...


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

UPP opinion, news, reports, researchTop

UPP Union Properties forum  Replies   Views   Last Post 
UPP F1 theme park suspended 1 115 27 Feb 09 01:57
UPP EFG report 2008Q4 2 95 26 Feb 09 15:44
UPP 2008Q4 loss AED38m 3 210 26 Feb 09 12:23
« Dubai property report Morgan Stanley 0 7 04 Feb 09 00:13
Union Properties convertible bond 7 1045 27 Jan 09 09:44
UPP fundamental conflict 11 1057 05 Jan 09 22:04
« DIC to buy UPP bonds 1 52 31 Dec 08 14:53
« UPP Credit Suisse report 0 3 19 Dec 08 17:35
« EFG Union Properties report 0 19 02 Dec 08 07:45
« Emaar to review their staffing 4 75 15 Nov 08 15:01
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

Emirates 24/7 Dubai's UP to break ground on Dh1.5bn MotorCity projects Emirates 24/7 Union Properties (UP), a Dubai-based developer, will commence construction of Dh1.1 billion The Vertex, a five high-rise towers, in MotorCity by early next year, a company spokesperson told Emirates 24|7. 'The enabling works contract will be awarded by ... More ...


News Item

UAE stock markets thrive on Fed rate hike expectations The National Shares in the DFM, the listed bourse operator, rose 5.8 per cent to Dh1.62, with Deyaar Development, Emaar Malls Group and Union Properties all rising by more than 2.5 per cent each on the day. In the capital, the financial service sector was the main ... and more » More ...


News Item

The National Emaar shares slump to lowest in three months The National Union Properties stock declined 4.4 per cent in trading to close at 95 fils, Damac shares fell 3.5 per cent to close at Dh2.20 and Arabtec stock was down 3.65 per cent to close at Dh2.64. 'Emaar shares are not the only stock to be falling today,ā€¯ said Harshjit ... and more » More ...


News Item

Bond drought benefits Emaar sukuk as property slump saps shares The National The slowest start to any year since 2010 for sales of Shariah-compliant bonds from Arabian Gulf countries is working out just fine for holders of debt from Dubai's Emaar Properties. The company's Islamic bonds are clinging to gains even as shares in the ... and more » More ...


News Item

Emirates 24/7 Affordable housing for Dh10k earners in Dubai Emirates 24/7 Related articles. Dubai to build affordable houses for people earning Dh3,000 to Dh10,000 per month · Dubai's Union Properties mulls share buyback · 'Dubai will need many more residential units in coming years' · Business hails UAE's win, expect iconic ... and more » More ...


News Item

Emirates 24/7 Dubai's Union Properties mulls share buyback Emirates 24/7 Union Properties (UP), Dubai-based real estate developer, will consider buying back shares if the price falls below face value, according to company chairman. 'We will have to think about it [buyback] when the share price comes below the face value. More ...


News Item

Falling oil prices weigh down UAE bourses The National Falling oil prices dragged on Dubai and Abu Dhabi on Sunday, with benchmarks in both exchanges closing at their lowest levels since January 7. The Dubai Financial Market General Index ended the day down 2.54 per cent at 3,613.55. Stocks in the capital ... and more » More ...


News Item

Emirates 24/7 Over 2600 cars recalled in UAE Emirates 24/7 The Japanese, American and German automobile companies have announced major recall of a more than 2,600 vehicles of different models due to defects in the UAE. Japanese firm Honda has recalled 2003-04 models of its popular sedan vehicles Civic ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Gulf mkts slip, Qatar's Ooredoo drops on profit ... Reuters 31, well below the views of two analysts polled by Reuters , who had forecast 602.4 million riyals and 607.8 million riyals. Qatar Gas Transport Co tumbled 6.3 percent as it went ex-dividend and was another major drag on the market. Dubai's index fell 0.8 percent and Union Properties was among the most traded stocks as it slid 1.9 percent, after surging 5.9 percent in the previous session when it announced its first cash dividend since 2002. Orascom Construction dropped 2.5 percent on NASDAQ Dubai ahead of its ... and more » More ...


News Item

MIDEAST STOCKS - Factors to watch - March 11 Reuters Reuters has not verified the press reports and does not vouch of their accuracy. INTERNATIONAL/REGIONAL. * GLOBAL MARKETS-Asia ... Dubai's Union Properties proposes first cash dividend since 2002. SAUDI ARABIA. * Saudi Arabia keeps April crude ... 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.