Emaar Properties’ shareholders approved today a 100 percent dividend payout of AED8.8 billion ($2.4 billion) at the annual general meeting. This payout falls in line with the company’s commitment to delivering value to its investors and follows the introduction of Emaar’s updated dividend policy in December 2024.
The meeting also included the approval of the auditor’s report for 2024, along with the board’s report on the company’s activities and financial position.
Property sales surge 72 percent in 2024
During the meeting, the company’s shareholders also reviewed the financial results for 2024, which reflected strong operational performance and continued growth across Emaar’s key business segments.
The company recorded property sales of approximately AED70 billion, marking a 72 percent increase compared to 2023. Emaar’s revenue backlog from property sales exceeded AED110 billion, further supporting future revenue generation.
Total revenue for 2024 reached AED35.5 billion, marking a 33 percent annual increase, while net profit before tax grew by 25 percent to AED18.9 billion. Emaar’s EBITDA for the year stood at AED19.3 billion, with a margin of 54 percent.
Emaar to launch new developments and lifestyle offerings
Emaar noted that it will remain focused on delivering ongoing projects as scheduled while prioritising innovation, quality and operational efficiencies. Investments in digital transformation, talent development and sustainable growth initiatives will continue to support the company’s long-term strategy.
“Emaar’s 2024 results reflect our dedication to operational excellence, innovation and customer experience. As we move forward, we remain committed to sustainable and technology-driven growth, further enhancing Dubai’s position as a leading global destination for investment and development while aligning with the UAE’s Net Zero 2050 vision,” stated Mohamed Alabbar, founder of Emaar Properties.
Looking ahead to 2025, Emaar added that it will continue introducing new developments and lifestyle offerings, further cementing its presence in the real estate sector.
