Union Properties expects $82m operating profit in '10
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Union Properties expects $82m operating profit in '10

Union Properties expects $82m operating profit in '10

Khalid bin Kalban, chairman of Dubai-based Union Properties, has said that the company's operating profit is expected to reach Dhs300m ($82m) in 2010, with Dhs600m in revenues expected from the sale of homes, Reuters has reported. The developer has completed two projects -- Index and Limestone -- in Dubai and has started to hand over units to buyers, he said.

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