Emaar Properties has sanctioned a full dividend distribution of AED 8.8B ($2.4B) following approval at its Annual General Meeting (AGM).
This decision comes after the company introduced an updated dividend policy in December 2024.
During the AGM, shareholders also endorsed the auditor’s report for 2024 and the board’s review of the company’s financial performance and activities.
Emaar dividend
Emaar’s financial performance in 2024 demonstrated strong operational growth across its core business segments.
The company achieved property sales of nearly AED 70B ($19B), reflecting a 72 per cent rise compared to the previous year.
Emaar’s revenue backlog from property sales surpassed AED 110B ($30B), ensuring sustained revenue streams in the future.
Total revenue for 2024 amounted to AED 35.5B ($9.6B), an annual increase of 33 per cent, while net profit before tax climbed 25 per cent to AED 18.9B ($5.1B).
Emaar reported an EBITDA of AED 19.3B ($5.2B) for the year, with a margin of 54 per cent.
Mohamed Alabbar, Founder of Emaar Properties, stated: “Emaar’s 2024 results highlight our commitment to operational excellence, innovation, and customer experience. Looking ahead, we will continue focusing on sustainable, technology-driven growth to strengthen Dubai’s position as a premier global hub for investment and development, in alignment with the UAE’s Net Zero 2050 vision.”
