Dubai’s Union Properties Falls Most in 6 Months as Developer’s Loss Widens - Bloomberg

Union Properties PJSC (UPP) dropped the most in six months after the Dubai-based real-estate developer said its full-year loss widened.
The shares fell 7.9 percent, the most since Aug. 7, to 29 fils at 10:11 a.m. in Dubai.
The loss was 1.57 billion dirhams ($427 million) compared with 1.53 billion dirhams a year earlier. Total assets declined to 9.1 billion dirhams at the end of last year from 14.9 billion dirhams a year earlier.

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