Emaar Properties to Distribute 100% of Share Capital as Dividends amounting to AED 8.8 billion for 2024 doubling 2023 dividend…reports Asian Lite News
Emaar Properties PJSC has announced its decision to distribute 100% of its share capital as dividends for the year 2024 amounting to AED 8.8 billion (US$ 2.4 billion), reinforcing its commitment to delivering exceptional value to shareholders. This is an 100% increase in dividend paid for 2023 of AED 4.4 billion (US$ 1.2 billion). This significant milestone reflects Emaar’s robust financial performance and dedication to investor satisfaction.
This year’s dividend distribution will result in the total value of initial investments growing almost four times since the company’s inception, marking a remarkable achievement for both Emaar and its investors. This accomplishment underscores Emaar’s consistent ability to generate substantial returns while pursuing growth 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. These results highlight Emaar’s role as a key contributor to Dubai’s real estate sector and the broader 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 its dedication to positioning Dubai as a global hub for innovation and investment.
“At Emaar, our priority has always been to create exceptional value for our shareholders, and this year’s 100% dividend distribution is a clear reflection of that commitment,” said Mohamed Alabbar, Founder of Emaar Properties. “We’re thrilled to see our early investors realise 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.”
This success aligns with Emaar’s long-term strategy to consistently enhance shareholder value while expanding its presence in key markets. By embracing digital transformation, prioritising sustainability, and investing in its workforce, Emaar ensures it remains at the forefront of innovation and excellence within the industry.
Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of over 1.7 billion sq. ft. in the UAE and key international markets.
With a proven track-record in delivery, Emaar has delivered approx. 117,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 36 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.
Burj Khalifa, a global icon, Dubai Mall, the world’s most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.
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