Net income at Union Properties
dropped to Dh30m (US$8.1m) from Dh238.35m in the first quarter
, compared to the same period last year. Seems to follow the market-wide trends at this point.
In February, the company
put its Dh1.69bn Formula One theme park on hold
, saying it would resume construction as soon as it could raise financing. The theme park was originally due to open later this year.
View the
.
