Emaar Properties has announced it will distribute 100 per cent of its share capital as dividends for 2024, amounting to AED8.8bn ($2.4bn), emphasizing its commitment to providing exceptional value to shareholders.
This represents a 100 per cent increase from the AED4.4bn ($1.2bn) dividend distributed in 2023, showcasing Emaar’s strong financial performance and dedication to investor satisfaction.
The 2024 dividend distribution will result in the initial investments growing nearly fourfold since the company’s inception, marking a significant achievement for Emaar and its investors.
Emaar’s 2024 dividend milestone reflects its ability to deliver substantial returns while pursuing growth and innovation.
The company’s property sales have reached record levels, driven by innovative developments, strong customer confidence, and a focus on quality and market expansion, reinforcing its legacy of success.
These results underscore Emaar’s pivotal role in Dubai’s real estate sector and its contribution to the broader economy.
Emaar’s progress is closely linked to Dubai’s policies fostering a dynamic business environment and sustainable growth, reflecting the emirate’s strategy to position itself as a global hub for innovation and investment.
Mohamed Alabbar, Founder of Emaar Properties, stated: “At Emaar, our priority has always been to deliver exceptional value to shareholders, and the 100 per cent dividend distribution this year reflects that commitment. It’s gratifying to see our early investors achieve returns that have multiplied fourfold.
“This success highlights the trust in Emaar’s vision and our focus on innovation, operational excellence, and world-class developments that enhance lives and contribute to Dubai’s global standing.”
This achievement aligns with Emaar’s long-term strategy to consistently enhance shareholder value while expanding its market presence. By embracing digital transformation, prioritizing sustainability, and investing in its workforce, Emaar continues to lead in innovation and excellence within the industry.
