Dubai-based master developer Emaar Properties has unveiled plans to distribute 100% of its share capital as dividends for the fiscal year 2024, totaling AED8.8 billion ($2.4 billion). The announcement reflects Emaar’s commitment to creating exceptional shareholder value and marks a 100% increase from the AED4.4 billion ($1.2 billion) dividends paid in 2023.
A Legacy of Growth and Value Creation
Emaar’s success in 2024 builds on years of sustained performance. The company has consistently delivered exceptional returns, with the total value of initial investments now having grown nearly fourfold since its inception.
The developer credits its achievements to a strategic focus on quality, market expansion, and operational excellence, enabling it to thrive in Dubai’s dynamic real estate market.
“Emaar’s performance is a testament to our dedication to innovation and delivering world-class developments that enhance lives while supporting Dubai’s economic ambitions,” said Mohamed Alabbar, Founder of Emaar Properties.
Emaar’s Role in Dubai’s Economic Vision
Emaar has cemented its position as a cornerstone of Dubai’s real estate sector and a key driver of the emirate’s broader economic growth. Its success aligns with Dubai’s visionary policies aimed at fostering a vibrant business environment and sustainable development.
“Closely linked to Dubai’s proactive economic strategies, Emaar’s progress reflects the emirate’s dedication to positioning itself as a global hub for innovation and investment,” the company said in a statement.
A Record Dividend
Emaar’s decision to distribute its largest-ever dividend underscores its ability to deliver substantial returns to shareholders.
- 2024 Dividend: AED8.8 billion ($2.4 billion), representing 100% of share capital.
- 2023 Dividend: AED4.4 billion ($1.2 billion).
Early investors in Emaar have realized returns nearly four times their initial investments, demonstrating the company’s consistent value generation.
“At Emaar, our priority has always been to create exceptional value for our shareholders,” said Mohamed Alabbar, emphasizing the importance of trust in the company’s vision.
“This year’s 100% dividend distribution highlights our relentless focus on innovation and operational excellence while enhancing Dubai’s global reputation,” he added.
Emaar’s record dividend reflects not only its financial strength but also its integral role in supporting Dubai’s ambitious vision for sustainable growth and global prominence. Investors can expect continued innovation and market leadership as Emaar builds on its legacy of excellence.
