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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

Property stocks pull Dubai bourse lower The National The Dubai Financial Market General Index gained one per cent in the first hour of trading, before gradually declining to end the day down 0.45 per cent at 4,108.74. Dubai real estate stocks fell, trimming gains recorded on Tuesday. Union Properties was ... More ...


News Item

Dubai bourse gets push from property stocks The National Deyaar Development and Union Properties followed closely behind, closing up 4.9 per cent and 3.3 per cent, respectively, while the index heavyweight Emaar Properties gained 2.3 per cent at Dh8.14. However, such rises do not necessarily presage a strong ... and more » More ...


News Item

Property stocks lift Dubai trading The National Buying in Union Properties pushed its stock up 5.13 per cent higher to Dh1.23. On Monday it shed 9.7 per cent following a sharp decline in its first-quarter net profit. The district cooling provider Tabreed, the developer Deyaar and the construction company ... More ...


News Item

Mixed day for UAE stocks as Yemen weighs on sentiment The National UAE stocks ended the day mixed amid lacklustre trade in most other regional bourses as investors kept an eye on developments on fighting in Yemen. Dubai's main benchmark fell 0.3 per cent, dragged down by Union Properties and Arabtec, while Abu ... and more » More ...


News Item

MIDEAST STOCKS-UAE markets slip, others flat as oil dips Reuters Africa Dubai's stock index fell 0.6 percent and the most traded stock, developer Union Properties , tumbled 4.1 percent. The stock fell its daily 10 percent limit on Monday after Union Properties said its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-UAE markets slip, others flat as oil dips Reuters DUBAI May 12 ( Reuters ) - Gulf stock markets were neutral to negative in early trade on Tuesday after Brent oil fell below $65 per barrel and Saudi Arabia sent a ground strike force towards its border with Yemen. Brent crude slipped 0.3 percent to $64.75 in Asian trade as the ... The stock fell its daily 10 percent limit on Monday after Union Properties said its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) from 179.8 million dirhams a year earlier. Builder Arabtec, whose board will review first-quarter ... and more » More ...


News Item

MIDEAST STOCKS-Dubai's index closes 1.8 pct lower after weak Q1 earnings Reuters Africa The emirate's benchmark closed 1.8 percent lower and developer Union Properties tumbled its daily 10 percent limit after saying its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) from 179.8 million dirhams a year earlier. Low-cost carrier Air ... and more » More ...


News Item

The National Union Properties first-quarter profit plummets 84% The National The Dubai developer Union Properties yesterday reported an 84 per cent drop in first-quarter net profit on a sharp decline in other income. Profit during the first three months of the year touched Dh28.1 million, down from Dh179.7m during the same period last ... and more » More ...


News Item

Bloomberg Dubai Stocks Drop Most in Emerging Markets as Real Estate Slides Bloomberg Dubai stocks retreated the most in emerging markets after profit at developer Union Properties PJSC plunged, helping spark a selloff in real estate companies. The emirate's DFM General Index slid 1.8 percent, the sharpest drop since May 3, to close at ... and more » More ...


News Item

UPDATE 3-MIDEAST STOCKS-Dubai's index closes 1.8 pct lower after weak Q1 ... Reuters DUBAI May 11 ( Reuters ) - Dubai's stock index fell on Monday after some local companies posted disappointing first-quarter earnings. The emirate's benchmark closed 1.8 percent lower and developer Union Properties tumbled its daily 10 percent limit after saying its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) from 179.8 million dirhams a year earlier. Low-cost carrier Air Arabia fell 1.3 percent after posting a 9 percent year-on-year increase in first-quarter profit. Analysts had expected that cheaper ... 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

Property stocks pull Dubai bourse lower The National The Dubai Financial Market General Index gained one per cent in the first hour of trading, before gradually declining to end the day down 0.45 per cent at 4,108.74. Dubai real estate stocks fell, trimming gains recorded on Tuesday. Union Properties was ... More ...


News Item

Dubai bourse gets push from property stocks The National Deyaar Development and Union Properties followed closely behind, closing up 4.9 per cent and 3.3 per cent, respectively, while the index heavyweight Emaar Properties gained 2.3 per cent at Dh8.14. However, such rises do not necessarily presage a strong ... and more » More ...


News Item

Property stocks lift Dubai trading The National Buying in Union Properties pushed its stock up 5.13 per cent higher to Dh1.23. On Monday it shed 9.7 per cent following a sharp decline in its first-quarter net profit. The district cooling provider Tabreed, the developer Deyaar and the construction company ... More ...


News Item

Mixed day for UAE stocks as Yemen weighs on sentiment The National UAE stocks ended the day mixed amid lacklustre trade in most other regional bourses as investors kept an eye on developments on fighting in Yemen. Dubai's main benchmark fell 0.3 per cent, dragged down by Union Properties and Arabtec, while Abu ... and more » More ...


News Item

MIDEAST STOCKS-UAE markets slip, others flat as oil dips Reuters Africa Dubai's stock index fell 0.6 percent and the most traded stock, developer Union Properties , tumbled 4.1 percent. The stock fell its daily 10 percent limit on Monday after Union Properties said its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-UAE markets slip, others flat as oil dips Reuters DUBAI May 12 ( Reuters ) - Gulf stock markets were neutral to negative in early trade on Tuesday after Brent oil fell below $65 per barrel and Saudi Arabia sent a ground strike force towards its border with Yemen. Brent crude slipped 0.3 percent to $64.75 in Asian trade as the ... The stock fell its daily 10 percent limit on Monday after Union Properties said its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) from 179.8 million dirhams a year earlier. Builder Arabtec, whose board will review first-quarter ... and more » More ...


News Item

MIDEAST STOCKS-Dubai's index closes 1.8 pct lower after weak Q1 earnings Reuters Africa The emirate's benchmark closed 1.8 percent lower and developer Union Properties tumbled its daily 10 percent limit after saying its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) from 179.8 million dirhams a year earlier. Low-cost carrier Air ... and more » More ...


News Item

The National Union Properties first-quarter profit plummets 84% The National The Dubai developer Union Properties yesterday reported an 84 per cent drop in first-quarter net profit on a sharp decline in other income. Profit during the first three months of the year touched Dh28.1 million, down from Dh179.7m during the same period last ... and more » More ...


News Item

Bloomberg Dubai Stocks Drop Most in Emerging Markets as Real Estate Slides Bloomberg Dubai stocks retreated the most in emerging markets after profit at developer Union Properties PJSC plunged, helping spark a selloff in real estate companies. The emirate's DFM General Index slid 1.8 percent, the sharpest drop since May 3, to close at ... and more » More ...


News Item

UPDATE 3-MIDEAST STOCKS-Dubai's index closes 1.8 pct lower after weak Q1 ... Reuters DUBAI May 11 ( Reuters ) - Dubai's stock index fell on Monday after some local companies posted disappointing first-quarter earnings. The emirate's benchmark closed 1.8 percent lower and developer Union Properties tumbled its daily 10 percent limit after saying its first-quarter profit had fallen to 28.1 million dirhams ($7.7 million) from 179.8 million dirhams a year earlier. Low-cost carrier Air Arabia fell 1.3 percent after posting a 9 percent year-on-year increase in first-quarter profit. Analysts had expected that cheaper ... 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.