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After a near Dh1b loss in 2021, Dubai developer Union Properties to come up with new recovery plan

Union Properties intends to recover misappropriated funds' by earlier management

United arab emiratesAbu dhabiAmer khansahebMohamed shaheenStock union properties dubai propertieCommodities authorityUnion propertiesStock union properties dubaiUnion propertieImage creditMotor cityManaging director

Dubai: Union Properties to restructure debt to recover millions in misappropriated funds

The announcement comes as Emirati prosecutors announced in October they were investigating the firm

United arab emiratesAmer khansahebUnion propertiesDubai motor cityReal estate

Developer Says $42M Misappropriated

The troubled company also said it massively overvalued its holdings.

United arab emiratesAbu dhabiAmer khansahebUnion propertiesDubai motor cityDubai financial marketFormula oneMotor cityLondon based capital

Dubai developer Union Properties says $42M misappropriated - Business News

Dubai developer Union Properties says $42M misappropriated - Business News
castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.

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USD42M misappropriated , says Dubai developer | Borneo Bulletin Online

USD42M misappropriated , says Dubai developer | Borneo Bulletin Online
borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.

United arab emiratesAbu dhabiAmer khansahebA union propertiesUnion propertiesDubai motor cityDubai financial marketFormula oneMotor cityLondon based capital

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