Dubai: Emaar Properties approves 100% dividend payout for 2024
Emaar Properties' Annual General Meeting (AGM) on Wednesday approved 100 per cent dividend payout for 2024, amounting to Dh8.8 billion.
This follows the introduction of Emaar's updated dividend policy in December 2024. The meeting also included the approval of the auditor's report for 2024 and the board's report on the company's activities and financial position.
Emaar recorded property sales of approximately Dh70 billion in 2024, representing a 72 per cent increase compared to 2023. Emaar's revenue backlog from property sales exceeded Dh110 billion, supporting future revenue generation.
Total revenue for 2024 reached Dh35.5 billion, marking a 33 per cent year-over-year increase, while net profit before tax grew by 25 per cent to Dh18.9 billion. EBITDA for the year stood at Dh19.3 billion, with a margin of 54 per cent.
'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,' said Mohamed Alabbar, founder of Emaar Properties.
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