Emaar announces 100pc dividend payout of $2.4bn for 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 AED70 billion ($19 billion), representing a 72% increase compared to 2023.
Emaar's revenue backlog from property sales exceeded AED110 billion ($30 billion), supporting future revenue generation.
Total revenue for 2024 reached AED35.5 billion ($9.6 billion), marking a 33% year-over-year increase, while net profit before tax grew by 25% to AED18.9 billion ($5.1 billion). Ebitda for the year stood at AED19.3 billion ($5.2 billion), with a margin of 54%.
On the dividends approval, Mohamed Alabbar, Founder of Emaar Properties, said: "Emaar's 2024 results reflect our dedication to operational excellence, innovation, and customer experience."
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