Increase the ownership of foreigners and gulf in the Union Properties to 49%

05-03-2019 Media in\ Dubai
Union Properties began activating the decision to raise the percentage of foreign and Gulf ownership in the company’s capital as of March 4, 2009 to 49% instead of 25% as in the past period.
The announcement by the Dubai Financial Market (DFM) today that the new maximum limits for the acquisition of Union Properties by foreigners and GCC nationals in the company’s shares were 49%.
The disclosure indicated that the percentage of ownership allowed to citizens of the state is 100%.
It is noteworthy that the generality of the company “Union Real Estate” was approved last year to increase the maximum allowed for the ownership of foreigners in its capital from 25% to 49%. But the decision was made only on Feb. 4.