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.
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