Union Properties expects 418% surge in H1 earnings

July 5, 2014 4:20 am

Dubai-based real estate developer, Union Properties has said its profit in the first half of this year is expected to surge to Dhs700m ($191m), Reuters has reported. This would be a 418% jump from the corresponding period of 2013, when the company earned Dhs135.2m, the developer said, without explaining the reasons for the expected rise.