google.com, pub-7850144154840291, DIRECT, f08c47fec0942fa0 Motor City, Dubai: Union Properties profit rises

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Sunday, May 2, 2010

Union Properties profit rises

Union Properties has reported increase in profits in the first quarter on account of Motor City sales.

Dubai's third-biggest developer by market value, said first-quarter profit rose 67 per cent on increased revenue from the handover of properties in its MotorCity project. Net income climbed to Dh50 million from Dh30 million a year earlier, the company said in a statement. Revenue advanced 48 per cent to Dh846 million.



For the full story in Gulf News, click here


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