Emaar Properties approves 100% dividend payout for 2024

The impressive dividend reflects a record-setting year for Emaar. In 2024, the company posted property sales of nearly $19 billion, marking a 72% increase compared to 2023. Emaar’s revenue backlog from property sales surpassed $30 billion, providing a strong pipeline for future income.

The company’s total revenue for the year stood at $9.65 billion, a 33% year-on-year rise, while net profit before tax reached $5.13 billion, up 25% from the previous year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for 2024 hit $5.23 billion, with a healthy margin of 54%.

Looking ahead to 2025, Emaar plans to roll out new developments and premium lifestyle offerings, further reinforcing its leadership in the region’s property sector. The company continues to focus on timely project delivery, innovation, and operational efficiency, while also investing in digital transformation, talent development, and sustainable initiatives aligned with the UAE’s Net Zero 2050 goals.

Commenting on the strong performance, Mohamed Alabbar, founder of Emaar Properties, said:

“Our 2024 results are a reflection of our relentless drive for operational excellence and customer-centric innovation. As we move forward, Emaar is focused on building a future rooted in sustainable, tech-driven growth—contributing to Dubai’s global reputation as a premier investment and development destination.”