Emaar Properties, a cornerstone of the UAE's real estate sector, has declared a groundbreaking policy to distribute 100% of its capital as dividends for 2024, reaffirming its commitment to delivering exceptional shareholder value.

This announcement follows the board's meeting on December 13, 2024, at Emaar's headquarters in Dubai Hills Estate Business Park.

With a capital of AED 8.83 billion and a nominal share value of AED 1.00, Emaar's decision aligns with its robust operational cash flow forecasts and reflects a forward-thinking strategy, supported by the ratification of the company's 2025 budget and the proposal for external audit appointment.

Mohamed Alabbar, Founder of Emaar Properties, stated, "Our approach at Emaar has always been to offer exceptional value to our shareholders.

The distribution of 100% of our capital as dividends this year is a direct reflection of this commitment.

We take pride in delivering fourfold returns to our early investors, showcasing shareholder confidence in our vision and consistent focus on innovation, operational excellence, and world-class project delivery that enhances life and elevates Dubai's global stature."

This strategic payout, totaling AED 8.8 billion (USD 2.4 billion), highlights Emaar's unwavering dedication to maximizing shareholder investments and underscores its strong financial performance by doubling the dividends paid in 2023, which amounted to AED 4.4 billion (USD 1.2 billion).

This move exemplifies the company’s impressive growth trajectory, with initial investment value quadrupling since inception.

The year 2024 marked an exceptional period of growth for Emaar, with record-breaking sales reinforcing its pivotal role in Dubai's real estate and economic landscape.

Emaar's achievements in 2024 resonate with Dubai's visionary strategies aimed at establishing an attractive business environment conducive to sustainable development.

The company's journey reflects the emirate's unwavering commitment to fostering innovation and enhancing its position as a global investment hub.

Emaar’s solid financial performance and strategic dividends serve as a testament to Dubai's ambitious policies, aiming to create a thriving ecosystem that supports long-term economic prosperity.