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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

The National Emaar Properties results weigh on DFM The National Ajman Bank, Drake & Skull International and Union Properties also fell significantly on the day, shedding 4.58 per cent, 3.42 per cent and 2.75 per cent respectively. Emirates NBD and Mashreq bank were among the only three gainers of the day on the Dubai ... and more » More ...


News Item

Dubai, Saudi bourses pull back after stellar show Emirates 24/7 The lender made 1.37 billion dirhams ($373 million) in the quarter, while analysts polled by Reuters had forecast 1.30 billion dirhams. Qatar's benchmark added 0.9 percent in a broad rally. Property developer Ezdan Holding, which this week ... Developer Union Properties , which rose earlier in the session, closed 0.6 percent down while Emaar Properties and Deyaar gave up all gains and were flat. It's just profit-taking, said Sanyalak Manibhandu, manager of research at NBAD Securities in Abu Dhabi. There was a ... and more » More ...


News Item

MIDEAST STOCKS-Dubai, Saudi bourses pull back after outperforming region Reuters DUBAI, Oct 29 ( Reuters ) - Most stock markets in the Middle East rose on Wednesday on the back of generally positive third-quarter earnings, but bourses in Dubai and Saudi Arabia, which had outperformed the region earlier in the week, pulled back on profit-taking. Abu Dhabi's index rose 1.1 percent, largely on the back of ... Developer Union Properties , which rose earlier in the session, closed 0.6 percent down while Emaar Properties and Deyaar gave up all gains and were flat. It's just profit-taking, said Sanyalak ... More ...


News Item

Dubai, Saudi bourses pull back after outperforming region Emirates 24/7 The lender made 1.37 billion dirhams ($373 million) in the quarter, while analysts polled by Reuters had forecast 1.30 billion dirhams. Qatar's benchmark added 0.9 percent in a broad rally. Property developer Ezdan Holding, which this week ... Developer Union Properties , which rose earlier in the session, closed 0.6 percent down while Emaar Properties and Deyaar gave up all gains and were flat. It's just profit-taking, said Sanyalak Manibhandu, manager of research at NBAD Securities in Abu Dhabi. There was a ... More ...


News Item

Dubai index rises back above 200-day average Emirates 24/7 Property and construction stocks were top performers as contractors Drake and Scull and Arabtec jumped 6.5 and 5.3 per cent respectively, while developer Union Properties added 5.1 per cent. This is just speculation, said Ali Adou, portfolio manager at The ... The firm's third-quarter profit was 248 million riyals ($68.1 million), according to Reuters calculations, above the estimate of QNB Financial Services, which had forecast 213.5m riyals. Saudi Arabia's index rose 1.5 per cent even as shares in Saudi Basic ... More ...


News Item

MIDEAST STOCKS-Markets recover further, Saudi up despite SABIC's Q3 miss Reuters DUBAI, Oct 26 ( Reuters ) - Most stock markets in the Middle East rose on Sunday as quarterly earnings reports remained generally positive and the global background was supportive. U.S. stocks were up on Friday after strong results from Microsoft and Procter ... Property and construction stocks were top performers as contractors Drake and Scull and Arabtec jumped 6.5 and 5.3 percent respectively, while developer Union Properties added 5.1 percent. This is just speculation, said Ali Adou, portfolio manager at The ... More ...


News Item

Emirates 24/7 Expo 2020 impact: No stopping Dubai property launches Emirates 24/7 Listed on Dubai Financial Market, Union Properties is looking to launch a Dh430 million residential project, comprising 200 units, in MotorCity. 'We are waiting for permission from Dubai Municipality. We will be announcing the project once we get all the ... and more » More ...


News Item

Dubai shares jump after global markets rebound; Arabtec surges Emirates 24/7 Among top gainers on the DFM index were Arabtec (up 8.94 per cent), Deyaar Development (+8.65 per cent), Union Properties (+8.33 per cent), Shuaa Capital (+7.81 per cent) and Dubai Investments (+6.99 per cent). Arabtec said on Sunday it expected soon ... and more » More ...


News Item

Dubai Financial Market back on the slide as global rout continues The National Union Properties , another Dubai-based developer, dropped 5.1 per cent to Dh1.85 a share. Emaar Malls, the retail unit of Emaar Properties, slipped 1.2 per cent to Dh3.15. The Dubai Financial Market General Index closed 2.9 per cent lower at 4,571.90, with ... and more » More ...


News Item

UAE shares bounce back after Sunday sell-off Emirates 24/7 In Dubai, Arabtec was limit down at 10 per cent, followed by Takaful Emarat (-9.95 per cent), Union Properties (-9.95 per cent), GGICO (-9.91 per cent), and Dubai Investments (-9.86 per cent). Market benchmark Emaar Properties was down 7.42 per cent even ... 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

The National Emaar Properties results weigh on DFM The National Ajman Bank, Drake & Skull International and Union Properties also fell significantly on the day, shedding 4.58 per cent, 3.42 per cent and 2.75 per cent respectively. Emirates NBD and Mashreq bank were among the only three gainers of the day on the Dubai ... and more » More ...


News Item

Dubai, Saudi bourses pull back after stellar show Emirates 24/7 The lender made 1.37 billion dirhams ($373 million) in the quarter, while analysts polled by Reuters had forecast 1.30 billion dirhams. Qatar's benchmark added 0.9 percent in a broad rally. Property developer Ezdan Holding, which this week ... Developer Union Properties , which rose earlier in the session, closed 0.6 percent down while Emaar Properties and Deyaar gave up all gains and were flat. It's just profit-taking, said Sanyalak Manibhandu, manager of research at NBAD Securities in Abu Dhabi. There was a ... and more » More ...


News Item

MIDEAST STOCKS-Dubai, Saudi bourses pull back after outperforming region Reuters DUBAI, Oct 29 ( Reuters ) - Most stock markets in the Middle East rose on Wednesday on the back of generally positive third-quarter earnings, but bourses in Dubai and Saudi Arabia, which had outperformed the region earlier in the week, pulled back on profit-taking. Abu Dhabi's index rose 1.1 percent, largely on the back of ... Developer Union Properties , which rose earlier in the session, closed 0.6 percent down while Emaar Properties and Deyaar gave up all gains and were flat. It's just profit-taking, said Sanyalak ... More ...


News Item

Dubai, Saudi bourses pull back after outperforming region Emirates 24/7 The lender made 1.37 billion dirhams ($373 million) in the quarter, while analysts polled by Reuters had forecast 1.30 billion dirhams. Qatar's benchmark added 0.9 percent in a broad rally. Property developer Ezdan Holding, which this week ... Developer Union Properties , which rose earlier in the session, closed 0.6 percent down while Emaar Properties and Deyaar gave up all gains and were flat. It's just profit-taking, said Sanyalak Manibhandu, manager of research at NBAD Securities in Abu Dhabi. There was a ... More ...


News Item

Dubai index rises back above 200-day average Emirates 24/7 Property and construction stocks were top performers as contractors Drake and Scull and Arabtec jumped 6.5 and 5.3 per cent respectively, while developer Union Properties added 5.1 per cent. This is just speculation, said Ali Adou, portfolio manager at The ... The firm's third-quarter profit was 248 million riyals ($68.1 million), according to Reuters calculations, above the estimate of QNB Financial Services, which had forecast 213.5m riyals. Saudi Arabia's index rose 1.5 per cent even as shares in Saudi Basic ... More ...


News Item

MIDEAST STOCKS-Markets recover further, Saudi up despite SABIC's Q3 miss Reuters DUBAI, Oct 26 ( Reuters ) - Most stock markets in the Middle East rose on Sunday as quarterly earnings reports remained generally positive and the global background was supportive. U.S. stocks were up on Friday after strong results from Microsoft and Procter ... Property and construction stocks were top performers as contractors Drake and Scull and Arabtec jumped 6.5 and 5.3 percent respectively, while developer Union Properties added 5.1 percent. This is just speculation, said Ali Adou, portfolio manager at The ... More ...


News Item

Emirates 24/7 Expo 2020 impact: No stopping Dubai property launches Emirates 24/7 Listed on Dubai Financial Market, Union Properties is looking to launch a Dh430 million residential project, comprising 200 units, in MotorCity. 'We are waiting for permission from Dubai Municipality. We will be announcing the project once we get all the ... and more » More ...


News Item

Dubai shares jump after global markets rebound; Arabtec surges Emirates 24/7 Among top gainers on the DFM index were Arabtec (up 8.94 per cent), Deyaar Development (+8.65 per cent), Union Properties (+8.33 per cent), Shuaa Capital (+7.81 per cent) and Dubai Investments (+6.99 per cent). Arabtec said on Sunday it expected soon ... and more » More ...


News Item

Dubai Financial Market back on the slide as global rout continues The National Union Properties , another Dubai-based developer, dropped 5.1 per cent to Dh1.85 a share. Emaar Malls, the retail unit of Emaar Properties, slipped 1.2 per cent to Dh3.15. The Dubai Financial Market General Index closed 2.9 per cent lower at 4,571.90, with ... and more » More ...


News Item

UAE shares bounce back after Sunday sell-off Emirates 24/7 In Dubai, Arabtec was limit down at 10 per cent, followed by Takaful Emarat (-9.95 per cent), Union Properties (-9.95 per cent), GGICO (-9.91 per cent), and Dubai Investments (-9.86 per cent). Market benchmark Emaar Properties was down 7.42 per cent even ... 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.