Emaar Development General “Approved 2.7 billion dirhams from 2024”

Emaar for the development listed in the Dubai Financial Market held the annual meeting of its public association, where the Board of Directors reviewed the company’s financial performance in 2024 and discussed its future growth strategies.

According to a press release issued today, the shareholders approved the proposal of the Board of Directors to distribute profits of 2.7 billion dirhams “740 million dollars”, equivalent to 68% of the capital, and the report of the Board of Directors for the year 2024 was approved on the company’s activity, financial center and audit auditor.

Emaar for Development recorded real estate sales of 65.4 billion dirhams in 2024, and its net profit increased before taxes by 20% to 10.2 billion dirhams.

Mohamed Al -Abbar, the founder of Emaar Company, said that the company’s results for the year 2024 confirm its firm commitment to excellence, innovation and customer satisfaction, as the projects that they launched are not limited to the construction of buildings, but rather aim to create integrated complexes that rise to the quality of life and enhance the global position of Dubai.

He added that the company aims, through integrating technology and sustainability in its projects, to redefine the concept of modern living, while ensuring a permanent value of its customers and shareholders, and in 2025, the company continues its commitment to providing new projects that are in line with its vision of sustainable growth, as well as strengthening the economy and enabling promising talents.