Emaar Properties: Dividend to Double in 2024
Emaar Properties: Dividend to Double in 2024
Emaar Properties PJSC, the real estate giant of the United Arab Emirates, announced that for the year 2024, it will distribute its entire capital as dividends to its shareholders. This move amounts to a total of 8.8 billion dirhams (approximately 2.4 billion dollars) in dividends, doubling the 2023 figure of 4.4 billion dirhams (1.2 billion dollars).
According to Emaar's statement, this decision marks a "significant milestone reflecting the company's strong financial performance and commitment to investor satisfaction." This move not only dramatically increases the dividend but also means that since Emaar's inception, the value of initial investments has grown nearly fourfold, highlighting remarkable achievements for both the company and its investors.
What is behind this success?
Emaar's 2024 financial results are not arbitrary but the outcome of a long-term strategy. In recent years, the company has shown an outstanding growth trajectory, underpinned by innovative developments, strengthened customer trust, and a commitment to quality.
Record Property Sales
Emaar's 2024 property sales numbers have shattered all previous records. Attractive new development designs, market expansion strategies, and customer confidence have all contributed to this success. The company has focused on sustainability, architectural excellence, and developments tailored to market demands, further enhancing Dubai's international appeal.
Contribution to Dubai's Economy
Emaar, as a key player in Dubai's real estate sector, plays a crucial role in the city's economic growth. The company's projects have positively impacted the local market and significantly contributed to strengthening Dubai's global position. Real estate projects and the revenue generated from them also boost the city's infrastructure and tourist appeal.
Emaar's Vision
Emaar Properties' performance in 2024 builds on past successes and lays the groundwork for future growth opportunities. The company continues its market expansion, initiates new developments, and maintains a focus on sustainability. Additionally, the company's aim is to create innovative projects that contribute to strengthening Dubai's global position.
The significant increase in dividends is a clear message: Emaar Properties remains one of the most attractive choices for investors in the real estate sector.
