Shares of Dubai's second largest real estate developer Union Properties lifted the Dubai Financial Market (DFM) Monday, a day after Union Properties reported strong results for the first quarter of this year.
The DFM rose by 0.72 percent and ended at 1,736.61 points. Shares of Union Properties jumped 6.13 percent, closing at 0.48 dirham (about 0.13 US dollar).
On Sunday, Union Properties reported a 66-percent-increase in net profits to 13.6 million dollars.
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