Emaar Properties has announced a 100% dividend payout totaling AED 8.8 billion, following approval at its Annual General Meeting (AGM). This decision comes after the introduction of Emaar’s updated dividend policy in December 2024.
During the meeting, shareholders also approved the auditor’s report for 2024 and reviewed the board’s report on the company’s activities and financial performance.
Emaar’s 2024 financial results showcased strong operational performance and continued growth across key business segments. The company reported property sales of approximately AED 70 billion (US$19 billion)—a 72% increase compared to 2023. Meanwhile, its revenue backlog from property sales exceeded AED 110 billion (US$30 billion), reinforcing its future revenue stream.
Total revenue for the year reached AED 35.5 billion (US$9.6 billion), marking a 33% year-over-year increase, while net profit before tax grew by 25% to AED 18.9 billion (US$5.1 billion). EBITDA stood at AED 19.3 billion (US$5.2 billion), with an impressive margin of 54%.
Mohamed Alabbar, Founder of Emaar Properties, emphasized the company’s focus on excellence and innovation, stating:
“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.”
Emaar’s continued financial success highlights its resilience and leadership in the UAE’s real estate sector, reinforcing its role as a key player in shaping Dubai’s global investment landscape.
