Emaar Properties has approved a 100 per cent dividend payout, amounting to AED 8.8 billion, during its Annual General Meeting (AGM). This follows the introduction of Emaar’s dividend policy, updated 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.
Emaar’s financial results for 2024 reflected strong operational performance and continued growth across its key business segments. The company recorded property sales of approximately AED 70 billion ($19 billion), representing a 72 per cent increase year-on-year.
Emaar’s revenue backlog from property sales exceeded AED 110 billion ($30 billion), supporting future revenue generation.
Total revenue for 2024 reached AED 35.5 billion ($9.6 billion), marking a 33 per cent year-over-year increase, while net profit before tax grew by 25 percent to AED 18.9 billion ($5.1 billion). EBITDA for the year stood at AED 19.3 billion ($5.2 billion), with a margin of 54 per cent.
Nakheel unveils new sustainable community beside Palm Jebel Ali
Dubai showcases latest innovations in electric, smart mobility
US sues Lyft, alleges discrimination against disabled riders
ADNOC Distribution reports $791 million net profit in first 9 months
Tesla to pull the plug on Cybertruck after years of poor sales
