Emaar Real Estate General Distribution of 8.8 billion dirhams from 2024
Dubai, March 26/ WAM/ Emaar Real Estate, listed in the Dubai Financial Market, held the annual meeting of its public association, where the Board of Directors reviewed the financial performance achieved by the company during the year 2024, and discussed its future strategic directions.
According to a press release issued today, the shareholders agreed during the meeting to distribute profits of 100% of the capital, with a value of 8.8 billion dirhams.
This came after the announcement of the new policy of distributing profits in December 2024, and the meeting witnessed the approval of the report auditor for 2024, as well as the report of the board of directors on the company’s activity and financial position.
The company achieved real estate sales of approximately 70 billion dirhams “19 billion dollars” during the year 2024, recording an increase of 72% over 2023, and revenues from accumulated real estate sales exceeded 110 billion dirhams “30 billion dollars”, which enhances the flow of future revenues.
And the net profits grew before taxes by 25% to reach 18.9 billion dirhams “5.1 billion dollars”.
The profits before deducting taxes, benefits, consumption and depreciation amounted to 19.3 billion dirhams, with a margin of 54%.
Mohamed Al -Abbar, the founder of Emaar Real Estate, said that the results of Emaar for the year 2024 embodied the concern for operating excellence, innovation, and upgrading the experience of customers, stressing the commitment to sustainable growth driven by the latest technologies, which enhances Dubai’s position, a leading investment and development destination worldwide, and is in line with the UAE’s vision to achieve climate neutrality by 2050.
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