Distributing 100% of the capital as dividends for the year 2024

Emaar Properties announced its decision to distribute 100% of its capital as dividends to shareholders for the year 2024, with a total value of 8.8 billion dirhams (2.4 billion US dollars). This decision embodies the company’s firm commitment to maximizing the value of shareholders’ investments, and also reflects its strong financial performance by doubling the profits paid in 2023, which amounted to 4.4 billion dirhams ($1.2 billion), which highlights the remarkable growth achieved by the company.

This year’s dividend distribution represents a significant step in Emaar’s journey, as it contributed to raising the total value of initial investments to nearly four times since the company’s founding. This achievement demonstrates the company’s continued ability to achieve outstanding returns, while maintaining its strategy based on innovation and sustainable growth.

The year 2024 witnessed an exceptional performance for Emaar Properties, complementing its successful record in previous years, as the company achieved unprecedented levels in its real estate sales, supported by innovative projects, increasing customer confidence, and a thoughtful strategy focused on quality and growth. These results confirm Emaar’s pivotal role in supporting the real estate sector and economy in Dubai.

Emaar’s achievements come in line with Dubai’s future vision and in parallel with its ambitious policies, which aim to establish a business environment that attracts investments and encourages sustainable development. The company’s journey also reflects the emirate’s commitment to supporting innovation and enhancing its position as a global center for investment and economic progress.

In this context, the founder of Emaar Properties, Mohamed Alabbar, said: “Our approach at Emaar has always been based on providing exceptional value to our shareholders, and distributing 100% of the capital as dividends for this year is a direct reflection of this commitment. We are proud to have achieved returns for our early investors equivalent to four times their investments, and this achievement reflects shareholders’ confidence in our vision and our constant focus on innovation and operational excellence, and providing high-end projects that add value to life and enhance Dubai’s position globally.”

This success is consistent with Emaar’s long-term strategy to enhance shareholder value and consolidate its presence in key markets. By investing in digital transformation, prioritizing sustainability, and developing human resources, Emaar continues its leadership in the real estate development sector at the local and global levels.

Muhammad Al-Abbar:

. Our constant focus is on innovation and operational excellence, and providing high-end projects that add value to life and enhance Dubai’s position globally.