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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 2015 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 2015 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

The National Nakheel reports 19% full-year gain despite fall in Q4 profit The National Earlier this week, Union Properties the Dubai developer behind Motor City and the Green Community, reported that 2015 profit fell by 49.7 per cent to Dh434.6m, as the company was hit hard by a slowdown in the emirate's property market. Meanwhile ... and more » More ...


News Item

Bank stocks lead gains in Abu Dhabi bourse The National UAE shares were mixed on Monday, with bank stocks leading gains in Abu Dhabi, and Dubai retreating on profit-taking. The Abu Dhabi Securities Exchange General Index led gains as the region's top performer, rising 1.2 per cent at 4,106.37, its eighth ... and more » More ...


News Item

The National Union Properties profit plunges in Dubai slowdown The National Profit at Union Properties , the Dubai developer behind Motor City and the Green Community, halved last year as the company was hit hard by a slowdown in the emirate's property market. Union Properties reported that net profit for the year sank to Dh434 ... More ...


News Item

The National Dubai house prices and rents still slipping but worst appears to be over The National Average house prices in Dubai fell by 0.14 per cent in December as investors search for signs that price falls are finally levelling out. According to the property data company Reidin, house prices fell by an average of 11 per cent over the 12 months ... and more » More ...


News Item

Dubai Chamber of Commerce and Industry president appointed to Difca board The National In addition to the Dubai Chamber, he also sits on the board of the government-owned conglomerate Dubai World and real estate group Union Properties . Mr Al Ansari was head of DIC, the global investment arm of government-owned Dubai Holding, until ... More ...


News Item

The National The Dubai dream: Dh48m Palm Jumeirah villa with Burj Al Arab views – in pictures The National Union Properties profit plunges in Dubai slowdown · Dubai's luxury villas just won't sell · Dubai villa oversupply leads to 18% drop in prices at The Springs · Dh179m Dubai villa set to be Emirates Hills' most expensive – in pictures. More from Business. More ...


News Item

The National Cladding issues could mess with Dubai property market after The Address fire The National Nobody can be exactly sure how The Address fire on New Year's Eve will affect Dubai property prices. But as high-rise building freehold owners and insurance experts become increasingly nervous about the cost implications of a government survey of all ... and more » More ...


News Item

Bloomberg Dubai Landlord Sees Budget Rethinks as `Tough' Period Ahead Bloomberg Emaar Properties PJSC, Dubai's biggest developer and builder of the world's tallest tower, has fallen 18 percent this year. Deyaar Development PJSC declined 15 percent, while Union Properties PJSC lost 13 percent. The benchmark Dubai Financial Market ... and more » More ...


News Item

UAE district cooling sector to grow by 18% in five years, says Emicool The National The company, which is a joint venture between Dubai Investments and Union Properties , is in the process of increasing capacity at its main plant at Dubai Investments Park from 115,000 tonnes of refrigeration (TR) capacity to 250,000 tonnes. It said ... and more » More ...


News Item

Gulf markets spooked with oil price at seven-year low The National The mortgage lender Amlak shed 5.3 per cent to Dh1.25, Union Properties dropped 3.7 per cent to 70 fils and Arabtec fell 3.6 per cent to Dh1.05. 'It is mainly the concern regarding the slowdown in real estate and the emerging liquidity problems with ... 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

The National Nakheel reports 19% full-year gain despite fall in Q4 profit The National Earlier this week, Union Properties the Dubai developer behind Motor City and the Green Community, reported that 2015 profit fell by 49.7 per cent to Dh434.6m, as the company was hit hard by a slowdown in the emirate's property market. Meanwhile ... and more » More ...


News Item

Bank stocks lead gains in Abu Dhabi bourse The National UAE shares were mixed on Monday, with bank stocks leading gains in Abu Dhabi, and Dubai retreating on profit-taking. The Abu Dhabi Securities Exchange General Index led gains as the region's top performer, rising 1.2 per cent at 4,106.37, its eighth ... and more » More ...


News Item

The National Union Properties profit plunges in Dubai slowdown The National Profit at Union Properties , the Dubai developer behind Motor City and the Green Community, halved last year as the company was hit hard by a slowdown in the emirate's property market. Union Properties reported that net profit for the year sank to Dh434 ... More ...


News Item

The National Dubai house prices and rents still slipping but worst appears to be over The National Average house prices in Dubai fell by 0.14 per cent in December as investors search for signs that price falls are finally levelling out. According to the property data company Reidin, house prices fell by an average of 11 per cent over the 12 months ... and more » More ...


News Item

Dubai Chamber of Commerce and Industry president appointed to Difca board The National In addition to the Dubai Chamber, he also sits on the board of the government-owned conglomerate Dubai World and real estate group Union Properties . Mr Al Ansari was head of DIC, the global investment arm of government-owned Dubai Holding, until ... More ...


News Item

The National The Dubai dream: Dh48m Palm Jumeirah villa with Burj Al Arab views – in pictures The National Union Properties profit plunges in Dubai slowdown · Dubai's luxury villas just won't sell · Dubai villa oversupply leads to 18% drop in prices at The Springs · Dh179m Dubai villa set to be Emirates Hills' most expensive – in pictures. More from Business. More ...


News Item

The National Cladding issues could mess with Dubai property market after The Address fire The National Nobody can be exactly sure how The Address fire on New Year's Eve will affect Dubai property prices. But as high-rise building freehold owners and insurance experts become increasingly nervous about the cost implications of a government survey of all ... and more » More ...


News Item

Bloomberg Dubai Landlord Sees Budget Rethinks as `Tough' Period Ahead Bloomberg Emaar Properties PJSC, Dubai's biggest developer and builder of the world's tallest tower, has fallen 18 percent this year. Deyaar Development PJSC declined 15 percent, while Union Properties PJSC lost 13 percent. The benchmark Dubai Financial Market ... and more » More ...


News Item

UAE district cooling sector to grow by 18% in five years, says Emicool The National The company, which is a joint venture between Dubai Investments and Union Properties , is in the process of increasing capacity at its main plant at Dubai Investments Park from 115,000 tonnes of refrigeration (TR) capacity to 250,000 tonnes. It said ... and more » More ...


News Item

Gulf markets spooked with oil price at seven-year low The National The mortgage lender Amlak shed 5.3 per cent to Dh1.25, Union Properties dropped 3.7 per cent to 70 fils and Arabtec fell 3.6 per cent to Dh1.05. 'It is mainly the concern regarding the slowdown in real estate and the emerging liquidity problems with ... 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.