Emaar Properties Announces 100% Dividend Payout for 2024, Marking a Historic Achievement
Emaar Properties has unveiled an extraordinary decision to distribute 100% of its share capital as dividends for 2024, amounting to AED 8.8 billion ($2.4 billion). This bold move underscores the company’s unwavering commitment to creating exceptional value for its shareholders.
The announced payout represents a 100% increase from the AED 4.4 billion ($1.2 billion) dividends distributed in 2023. This milestone reflects Emaar’s strong financial performance and steadfast dedication to ensuring investor satisfaction.
By distributing this year’s dividends, Emaar achieves a remarkable feat, with initial investments growing nearly fourfold since the company’s inception. This accomplishment highlights Emaar’s proven ability to deliver substantial returns while simultaneously pursuing innovation and sustainable growth.
Record-Breaking Performance in 2024
Emaar’s outstanding performance in 2024 builds on its legacy of success, with record property sales driven by groundbreaking developments, growing customer confidence, and a strategic focus on quality and market expansion. These achievements cement Emaar’s reputation as a vital contributor to Dubai’s thriving real estate sector and the wider economy.
Emaar’s progress is closely linked to Dubai’s visionary economic policies, which foster a vibrant business ecosystem and prioritize sustainable development. The company’s growth reflects Dubai’s ambition to establish itself as a global hub for innovation, investment, and economic dynamism.
A Message from the Founder
Mohamed Alabbar, Founder of Emaar Properties, shared his thoughts on this historic milestone:
“At Emaar, our primary goal is to deliver unparalleled value to our shareholders. This year’s 100% dividend distribution exemplifies our commitment to that vision. Seeing our early investors achieve returns that have multiplied fourfold is truly rewarding. This success is a testament to the trust placed in Emaar’s vision, our relentless pursuit of innovation, and our dedication to delivering world-class developments that elevate lives and strengthen Dubai’s global standing.”
Driving Future Growth Through Innovation and Sustainability
This milestone aligns with Emaar’s long-term strategy to enhance shareholder value while expanding into key markets. By embracing digital transformation, prioritizing sustainability, and investing in its workforce, Emaar ensures its position at the forefront of excellence in the real estate industry.
Emaar’s dedication to operational excellence and its forward-thinking approach continue to set benchmarks for innovation, making it a pioneer in shaping Dubai’s real estate landscape while contributing to the emirate’s position as a leader in global economic growth.
