Emaar Properties has approved a 100 percent dividends payment, which amounts to AED8.8bn ($ 2.4 billion), duration of its annual general meeting (AGM).
This follows the introduction of the updated Emaar dividend policy in December 2024.
The meeting also included the approval of the auditor’s report by 2024, together with the Board’s report on the company’s activities and financial position.
Emaar dividend
Emaar’s financial results for 2024 reflected strong operational performance and continuous growth in their key commercial segments.
The company registered property sales of approximately AED70 billion ($ 19 billion), which represents a 72 percent increase compared to 2023.
The accumulation of Emaar income from property sales exceeded the AED110 billion ($ 30 billion), which supports the future income generation.
Total income by 2024 reached AED35.5 billion ($ 9.6 billion), marking an increase of 33 percent year after year, while net gain before taxes grew 25 percent to AED18.9bn ($ 5.1bn).
Ebitda for the year stood at AED19.3 billion ($ 5.2 billion), with a margin or 54 percent.
Mohamed Alabbar, founder of Emaar Properties, said: “Emaar’s results reflect our dedication to operational excellence, innovation and customer experience. As we move forward, we continue to be committed to sustainable growth and based on technology, an assal, more assault, more assault, more destination for investment and development while we are aligned with the nec zero vision of the United States.”
