Stocks listed in Dubai jumped the most in three years, led by real estate firms after Emaar Properties PJSC increased its dividend.The Dubai Financial Market General Index gained as much as 4.4% to the highest level since October 2014, led by Emaar and its subsidiary Emaar Development PJSC, which both rose by the maximum allowed 15%. The emirate’s biggest lender — Emirates NBD Bank PJSC — also...
Emaar Properties Announces 100% Dividend Payout for 2024, Marking a Historic AchievementEmaar 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%...
Emaar Development, a leading UAE property developer and subsidiary of Emaar Properties has reported robust growth for the third quarter of 2024. The company’s property sales soared by 66% in the first nine months of 2024, reaching AED 48 billion ($13.1 billion), up from AED 28.9 billion ($7.9 billion) during the same period in 2023. Emaar attributes this impressive growth to the launch of 50 new projects...
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