Emaar Development shareholders agree to pay a $740 million dividend in 2024
Emaar Development’s shareholders agreed on Thursday to give out $740 million (AED 2.7 billion) in cash dividends for 2024. This decision was made because the company had strong revenue growth last year.
Cash Dividend
The company will pay a dividend equal to 68% of its share capital, according to the UAE’s Emirates News Agency. This decision was made at the company’s annual general meeting (AGM), where the board discussed last year’s financial performance.
The board also approved reports on the company’s activities, financial status, and an audit report.
Financial Results
Emaar Development sold properties worth $17.8 billion (AED 65.4 billion) in 2024, a 75% increase from the previous year.
Total revenue grew 61% from last year to $5.2 billion (AED 19.1 billion). Net profit before tax rose by 20% to $2.8 billion (AED 10.2 billion).
Emaar Properties Dividend
Emaar Properties’ shareholders approved a 100% dividend payout for 2024, totaling $2.4 billion (AED 8.8 billion).
The company reported a net profit before tax of $5.1 billion (AED 18.9 billion) for 2024, a 25% increase, driven by strong property sales.
Emaar Group’s revenue grew 33% to $9.6 billion (AED 35.5 billion) in 2024. It also achieved record-high property sales of $19 billion (AED 70 billion), up 72% from the previous year.
Published: 28th March 2025
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