Emaar Properties announces 100% dividend payout of Dhs8.8 billion
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 Dhs70 billion (US$19 billion), representing a 72 per cent increase compared to 2023.
Emaar's revenue backlog from property sales exceeded Dhs110 billion (US$30 billion), supporting future revenue generation.
Total revenue for 2024 reached Dhs35.5 billion ($9.6 billion), marking a 33 per cent year-over-year increase, while net profit before tax grew by 25 per cent to Dhs18.9 billion ($5.1 billion). EBITDA for the year stood at Dhs19.3 billion ($5.2 billion), with a margin of 54 per cent.
Mohamed Alabbar, Founder of Emaar Properties, said, '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.' Ras Al Khaimah launches inaugural International Real Estate Investment Summit, Spotlighting Opportunities in the Emirate's Surging Real Estate Sector The global platform will showcase investment opportunities in RAK, the UAE's fastest-growing real estate market, complete with a dedicated session on the economic impact of integrated resorts such as Wynn Al Marjan Island, the changing face of hospitality and international real estate trends at the two-day conference,
Ras Al Khaimah summit: Ras Al Khaimah will take centre stage at a global real estate event this May when it hosts the inaugural International Real Estate Investment Summit (IREIS).
Set to take place on May 20 and 21, 2025, at the Al Hamra International Exhibition and Conference Centre, IREIS marks a significant milestone in the Emirate's ambitious journey to becoming a premier global investment destination.
Organised by Cityscape by Informa Markets, in collaboration with Marjan – the master-developer behind Al Marjan Island – and RAK Hospitality Holding, the leading hospitality group in Ras Al Khaimah, IREIS will bring together elite investors, government officials, and industry leaders. Cityscape, established over 24 years ago, has been instrumental in launching iconic real estate projects such as the Burj Khalifa and Battersea Power Station. As the premier real estate platform in the GCC and beyond, Cityscape connects key stakeholders across the real estate ecosystem, adding significant credibility and influence to this inaugural summit. With a focus on unlocking investment potential, the event will spotlight RAK's rapidly growing real estate market and international markets, providing an exclusive platform for deal-making, networking, and market-shaping discussions.
The Summit features a carefully curated agenda, keynote addresses, investment talks, panel discussions, and immersive networking sessions. Industry heavyweights and policymakers will share insights on market trends, capital flows, and the impact of major projects shaping the region's future, including the flagship US$3.9 billion Wynn Al Marjan Island resort, set for completion in 2027. The programme explores what the introduction of an integrated resort means for RAK and the wider region, with economic insights from Macau, Singapore, and Las Vegas.
With 500 delegates and investors from the GCC and global markets, and 40 industry speakers, IREIS will provide unique access to networking opportunities and investment showcases. Attendees can expect roundtable discussions on emerging market opportunities, how RAK is attracting global, deep dives into asset class trends, and insights into tech-driven real estate transformation with a special mini masterclass on the emergence of cryptocurrency in global real estate transactions.
The International Real Estate Investment Summit comes as RAK is emerging as one of the UAE's most promising real estate hotspots, driven by government-backed initiatives, visionary developments, and a thriving tourism sector. Branded residences linked to globally renowned hospitality names – including Nikki Beach, Nobu, Ritz-Carlton, and Waldorf Astoria – are further positioning RAK as a high-yield destination for investors seeking long-term returns.
'Ras Al Khaimah is undergoing an unprecedented evolution, with world-class projects reshaping the tourism and hospitality sectors,' said Alison Grinnell, CEO of RAK Hospitality Holding. 'The inaugural International Real Estate Investment Summit will be a key moment to showcase the vast potential of RAK's real estate market to international investors.' RAK's geographic location, less than an hour from Dubai, combined with its attainable property prices, strong return on investment, and investor-friendly regulations, is attracting a wave of local and international buyers.
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