Emaar Properties announces 100% dividend payout of Dhs8.8 billion

Emaar's financial results for 2024 reflected strong operational performance and continued growth across its key business segments and recorded property sales of Dhs70 billion

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Emaar Properties on Wednesday approved a 100 per cent dividend payout, amounting to Dhs8.8 billion, during its Annual General Meeting (AGM).

This follows the introduction of Emaar's updated dividend policy 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 Dhs70 billion (US$19 billion), representing a 72 per cent increase compared to 2023.

Emaar's revenue backlog from property sales exceeded DhsIIO billion (US$30 billion), supporting future revenue generation.

Total revenue for 2024 reached Dhs35.5 billion ($9.6 billion), marking a 33 per centyear-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.