Emaar Approves 100% Dividend Payout of AED 8.8bn ($2.4bn) at AGM
Emaar Properties has sanctioned a full dividend payout of AED 8.8bn ($2.4bn) during its Annual General Meeting (AGM).
This decision follows the updated dividend policy introduced in December 2024.
During the meeting, shareholders also approved the auditor’s report for 2024 and the board’s report on the company’s activities and financial position.
Emaar Dividend Performance
Emaar’s 2024 financial results showcased strong operational growth across its key business sectors.
The company reported property sales of approximately AED 70bn ($19bn), reflecting a 72% surge compared to 2023.
Its revenue backlog from property sales surpassed AED 110bn ($30bn), ensuring a robust pipeline for future earnings.
Revenue and Profit Growth
Emaar’s total revenue for 2024 climbed to AED 35.5bn ($9.6bn), marking a 33% year-over-year increase.
Net profit before tax rose by 25% to AED 18.9bn ($5.1bn).
The company recorded an EBITDA of AED 19.3bn ($5.2bn), with a 54% margin.
Emaar’s Commitment to Growth
Mohamed Alabbar, Founder of Emaar Properties, stated:
“Emaar’s 2024 results reflect our dedication to operational excellence, innovation, and customer experience. Moving ahead, we remain focused on sustainable, technology-driven growth—enhancing Dubai’s status as a premier global destination for investment and development while aligning with the UAE’s Net Zero 2050 vision.”
