Union Properties

UPDATE 1: Dubai's third largest developer posts lost of $41.3m, compared to $61m profit in Q3 2008.

UPDATE 6: Dubai ends up, a day after its biggest one-day decline for seven weeks.

UPDATE 1: Developer gets hit by a decline in the value of its investment properties.

UPDATE 7: Oman's index closes lower but most Gulf exchanges end the day in positive territory.

A short distance from the Burj Dubai there is a new sky scraper that stands out from the crowd and promises to offer more than just a scenic view.

Construction of the US $460 million (AED1.69 billion) Formula One theme park in Dubai’s MotorCity has been halted because liquidity from banks has dried up in the wake of the current financial crisis.

Industries Qatar leads stock market to new 5-year low amid gloomier prognosis for global economy.

Dubai-based real estate company says profits have come from rentals and should exceed Q1 2008.     

Lower land sales cited reason for losses due to slowdown in Dubai real estate sector.

Investment bank takes decision on continuing concerns over exodus of expat workers from UAE.

UPDATE 5: UAE, Qatar, Kuwait and Oman fall as investor sentiment is impacted.

Dubai-based property firm to give investors option to rent, own or rent-to-own.

Dubai-based Union Properties' (UP) Index Tower, which is located on Sheikh Zayed Road, will be topped out by the end of this month according to the developer.

Property firm chief says speculation over $4.3bn merger 'not good for the market'.

Oman ends day two percent down as foreign institutions dominate trading.

Union Properties slams Morgan Stanley after shares fall following housing report.

Developer posts $87mn quarterly earnings, way above forecasts.

Dubai developer posts Q1 net income of $64.9mn on gains from sale of investments.

Sara Moore, principal and board of directors, tells COD about Burt, Hill's rapid growth in the Middle East, and the firm's plans to bring a little piece of New York to Jebel Ali Village.

Dubai's second-largest real estate developer plans to use the money to fund projects across the emirate.

If the sound of horsepower and the screech of tyres appeals, Motor City, which is currently under construction in Dubailand, may be for you. Christopher Sell fastens his seat belt and takes a journey round the site to see which contractors are overtaking the competition.

Neil Hickman and Mark Goodchild of Cityscape reveals to Arabian Property the resounding success of the world's biggest property show.

The conquest of the wider region has been a recent trend among local developers. Simon Azzam, CEO, Union Properties, talks to Angela Giuffrida about the company's plans to expand the Motor City brand and the need for a sustainable future to be taken seriously.

Emirates Glass has won orders totalling over 75,000 m2 within the first two months of this year.

Emirates District Cooling Company (Emicool) is expanding its infrastructure in response to the ongoing construction boom in Dubai

Developer takes exclusive rights to develop F1 theme parks around the world