Dubai’s Union Properties says plans three projects worth $544.5 mln

Dubai: Dubai’s Union Properties plans to develop three new projects worth two billion dirhams ($544.5 million), it said in a bourse filing on Wednesday.

The developer provided no other details.

Shares of Union Properties declined 1.6 per cent to 1.23 dirhams at the close on Wednesday, before the release of the filing.

Union Properties, together with its subsidiaries, invests in, develops, manages, maintains, and sells real estate properties in the UAE.