Emaar Properties to Distribute AED 8.8 Billion in Dividends

Emaar Properties PJSC has revealed plans to distribute 100% of its share capital as dividends for the year 2024, totalling AED 8.8 billion (US$ 2.4 billion). This decision highlights the company’s commitment to providing exceptional value to its shareholders. The 2024 dividend payout represents a remarkable 100% increase from the previous year’s AED 4.4 billion (US$ 1.2 billion), emphasizing Emaar's strong financial health and dedication to rewarding investors.

Remarkable Growth in Investor Returns

This year’s dividend distribution marks a significant milestone for Emaar, as it brings the total value of initial investments to nearly four times its original value since the company’s inception. This achievement not only demonstrates Emaar's capacity to deliver substantial returns but also reflects the company's continuous growth and innovation. It stands as a testament to the long-term value Emaar has created for its investors.

Record-Breaking Performance in 2024

Emaar’s impressive performance in 2024 builds upon a legacy of success. The company has achieved record-breaking property sales, driven by its innovative developments, strong customer confidence, and a strategic focus on quality and market expansion. These results further solidify Emaar’s position as a leading force in Dubai’s real estate sector and a key contributor to the broader economy.

Emaar’s Role in Dubai’s Visionary Economic Growth

Emaar’s success is closely aligned with Dubai's forward-thinking policies, which foster a dynamic business environment and encourage sustainable growth. The company’s achievements reflect the emirate's proactive economic strategies and its commitment to establishing Dubai as a global hub for innovation and investment. Emaar’s progress is a direct result of the conducive policies that support both local and international business.

Mohamed Alabbar, Founder of Emaar Properties, commented: “At Emaar, our priority has always been to create exceptional value for our shareholders, and this year's 100% dividend distribution is a clear reflection of that commitment. We're thrilled to see our early investors realise returns that have multiplied four times. This achievement highlights the trust placed in Emaar's vision and our relentless focus on innovation, operational excellence, and delivering world-class developments that enhance lives and contribute to Dubai's standing on the global stage.”

Strategic Vision for Long-Term Growth

Emaar's continued success is also a reflection of its long-term strategy to enhance shareholder value and expand its footprint in key markets. By embracing digital transformation, prioritizing sustainability, and investing in its workforce, Emaar is ensuring it remains at the forefront of industry innovation and excellence. The company’s forward-looking approach positions it well for sustained growth and leadership in the real estate sector.