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.
Musk's social media firm X bought by his AI company, valued at $33 billion
US car buyers face higher prices, less choice under Trump's tariffs
Emaar Development approves AED 2.7 bln dividend for 2024
Global auto industry stocks slump as 25% tariff on US imports looms
