Dubai’s property giant Emaar Properties has approved a remarkable 100% dividend payout for shareholders, totalling Dh8.8 billion, following an exceptional performance in 2024.
Record-Breaking Financial Performance
The company’s Annual General Meeting (AGM) on Wednesday revealed impressive figures:
| Performance Metric | 2024 Result |
|---|---|
| Property Sales | Dh70 billion |
| Total Revenue | Dh35.5 billion |
| Net Profit (Before Tax) | Dh18.9 billion |
| EBITDA | Dh19.3 billion |
Key Highlights
- 72% increase in property sales compared to 2023
- Revenue backlog exceeding Dh110 billion
- 33% year-over-year revenue growth
- 25% increase in net profit before tax
- EBITDA margin of 54%
Strategic Growth and Future Outlook
The company’s updated dividend policy, introduced in December 2024, reflects its strong financial position and commitment to shareholder value. The substantial revenue backlog of Dh110 billion positions Emaar for sustained future growth.
Mohamed Alabbar, founder of Emaar Properties, emphasised the company’s focus on operational excellence and innovation. He highlighted their commitment to sustainable, technology-driven growth while supporting Dubai’s position as a premier global investment destination.
Environmental Commitment
Emaar’s strategy aligns with the UAE’s Net Zero 2050 vision, demonstrating the company’s dedication to sustainable development and environmental responsibility.
Last updated: 26 March 2025
JobXDubai 
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