Emaar Development Authorizes AED2.7 Billion Dividend, Marking Financial Advancement
Emaar Development Accelerates Growth Strategy for 2025 and Beyond
Emaar Development, the Dubai-based real estate giant founded by Mohamed Alabbar, has outlined a growth strategy for 2025 and beyond that focuses on strong sales growth, expanding project pipelines, and enhancing its real estate portfolio. This strategy, revealed around 2024, is supported by sustained market demand and operational performance.
The company's commitment to excellence, innovation, and customer satisfaction has paid off, as indicated by its impressive financial results. In the first nine months of 2024, Emaar recorded a 66% increase in property sales, signalling strong sales momentum heading into 2025. This trend continued in the first half of 2025, with property sales increasing by 46% to approximately AED 46 billion (US$ 12.5 billion). The company's project backlog also grew by 62% to AED 146.3 billion (US$ 39.8 billion), reflecting robust demand and a strong pipeline of projects.
To further support its growth, Emaar has established an in-house contracting arm called Rukn Mirage. This expansion strategy aims to control construction quality and timelines, and support accelerated delivery of projects.
Emaar's developments are not just about real estate; they are about community-building and enhancing Dubai's global appeal. Alabbar emphasized this focus, stating that the company's success is a testament to its dedication to these principles.
The company's significant growth has reinforced Dubai's status as a global investment hub. In 2024, Emaar Development's total revenue climbed to AED19.1 billion (US$5.2 billion), marking a 61% year-on-year growth. Net profit before tax rose by 20% to AED10.2 billion (US$2.8 billion).
At the Annual General Meeting (AGM), Emaar's shareholders approved a dividend distribution of AED2.7 billion (US$740 million). The Board of Directors also reviewed the company's financial performance for 2024 and outlined its future growth strategy. The AGM also approved the Board's report on the company's operations, financial position, and the Auditor's report.
Emaar Development's financial growth and strategic direction make it a key driver of Dubai's real estate sector. With its focus on sales growth, project delivery, and portfolio expansion, the company is well-positioned for continued success in the years to come.
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