Emaar Properties has announced it will distribute 100% of its share capital as dividends for 2024, amounting to AED8.8bn ($2.4bn), reinforcing its commitment to delivering exceptional value to shareholders.
Dividend Increase and Financial Performance
This is a 100% increase in dividend paid for 2023 of AED4.4bn ($1.2bn). This noteworthy milestone demonstrates Emaar’s strong financial performance and commitment to investor happiness.
This year’s dividend distribution will result in the total value of initial investments growing almost four times since its inception, marking a remarkable achievement for both Emaar and its investors.
Continued Growth and Market Success
This achievement demonstrates Emaar’s steady capacity to provide sizable profits while pursuing expansion and innovation.
Emaar’s outstanding performance in 2024 builds upon a legacy of success in previous years. The company’s property sales have reached record levels, driven by innovative developments, strong customer confidence, and a strategic focus on quality and market expansion.
Strategic Importance and Economic Contribution
These findings demonstrate Emaar’s significant contribution to Dubai’s real estate industry and the overall economy.
Closely linked to Dubai’s visionary policies, which create a dynamic business environment and encourage sustainable growth, the company’s progress reflects the emirate’s proactive economic strategies and dedication to positioning Dubai as a global hub for innovation and investment.
Founder’s Perspective
Mohamed Alabbar, Founder of Emaar Properties, said: “At Emaar, our priority has always been to create exceptional value for our shareholders, and this year’s 100% dividend distribution clearly reflects that commitment. We’re thrilled to see our early investors realize 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.“
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Long-Term Strategy and Future Outlook
This achievement aligns with Emaar’s long-term plan to steadily increase shareholder value while growing its market share in critical areas. Emaar ensures it remains at the forefront of innovation and excellence within the industry by embracing digital transformation, prioritizing sustainability, and investing in its workforce.
