Emaar Announces AED 8.8 Billion Dividend Payout at AGM

Emaar Properties PJSC (DFM: EMAAR) convened its Annual General Meeting (AGM) today, where the Board of Directors evaluated the company’s financial performance for 2024 and outlined its strategic vision for the coming years.

Approval of Dividends and Financial Reports

During the meeting, shareholders approved a full 100% dividend payout totalling AED 8.8 billion, reinforcing Emaar’s commitment to delivering strong returns to investors. This follows the company’s revised dividend policy introduced in December 2024. Additionally, the AGM saw the approval of the auditor’s report for 2024, alongside the Board’s report detailing the company’s financial standing and operational activities.

Strong Growth in Sales and Revenue

Emaar’s 2024 financial results demonstrated robust performance across key business segments. The company reported property sales reaching approximately AED 70 billion (US$ 19 billion), reflecting a remarkable 72% increase compared to the previous year. Furthermore, Emaar’s revenue backlog from property sales exceeded AED 110 billion (US$ 30 billion), securing strong revenue prospects for the future.

Key Financial Highlights

The company’s total revenue surged to AED 35.5 billion (US$ 9.6 billion), marking a 33% growth compared to 2023. Net profit before tax rose by 25% to AED 18.9 billion (US$ 5.1 billion), while EBITDA reached AED 19.3 billion (US$ 5.2 billion) with an impressive margin of 54%. These figures highlight Emaar’s continued strength and resilience in the real estate sector.

Focus on Innovation and Future Expansion

Emaar remains dedicated to executing ongoing projects on schedule while emphasizing innovation, quality, and operational efficiency. The company continues to invest in digital transformation, talent development, and sustainability initiatives to reinforce its long-term growth strategy.

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.”

Looking ahead, Emaar aims to expand its portfolio with new developments and lifestyle offerings, further solidifying its leadership in the real estate market. With a focus on sustainable growth and cutting-edge projects, the company is poised for continued success in 2025 and beyond.