Union Properties Signs US $191mn Sales Agreement

Union Properties signs US $191mn sales agreement

Union Properties (Union Properties or the Company) has signed a conditional sale agreement valued at US $191mn for a significant real estate project in Motor City. This landmark milestone marks the completion of the company’s comprehensive recovery plan, which aimed to resolve all legacy debt settlements and restore long-term financial strength. Building on the $354mn in plot sales achieved in 2024 as part of its debt restructuring strategy, thi…

Union Properties have signed a $190 million deal for a key real estate project - PropertyNews.ae

For a major real estate project in Motor City, Union Properties, a top developer in the UAE, has agreed to a conditional sales deal for AED 700 million ($190 million). This completely completes the company’s comprehensive recovery plan, which was created to settle all legacy debt settlements and regain long-term financial strength. It also represents a significant milestone in the company’s strategic roadmap. This latest deal is anticipated to b…