Dubai – Mubasher: Emaar Properties delivered property sales nearing AED 70 billion ($19 billion) in 2024, marking an annual hike of 72% from AED 40.30 billion ($11 billion).
The group’s revenue backlog from property sales exceeded AED 110 billion ($30 billion) as of 31 December 2024, up 55% year-on-year (YoY) from 2023, according to the financial results.
Emaar recorded its highest-ever revenue at AED 35.50 billion ($9.60 billion) in 2024 as well as highest-ever net profits before tax at AED 18.90 billion ($5.10 billion).
As for business expansion, the group acquired 141 million square feet of development land in prime area in Dubai with a total development value of AED 96 billion.
Mohamed Alabbar, Founder of Emaar, stated: “With these results, we look forward to a continued positive performance in our shopping centres, hotels, and property sales in 2025. We remain committed to unveiling innovative projects and unparalleled offerings across all our business divisions.”
Cash Dividend
In December 2024, Emaar announced a new dividend policy as well as its highest ever proposed dividend of 100% of share capital for 2024 amounting to AED 8.80 billion.
