Emaar’s financial results for 2024 reflected strong operational performance and continued growth across its key business segments
Emaar’s 2024 Financial Results: Record Sales Growth and Profit
Emaar Properties held its Annual General Meeting (AGM), where the Board of Directors reviewed the company’s financial performance for 2024 and outlined future strategies. During the meeting, shareholders approved a 100% dividend payout of Dhs8.8bn, aligning with the company’s updated dividend policy introduced in December 2024. The meeting also included the approval of the auditor’s report and the board’s report on Emaar’s activities and financial standing.
Strong Sales and Profit Growth
Emaar delivered outstanding financial results in 2024, with property sales reaching approximately Dhs70bn ($19bn), a remarkable 72% increase compared to 2023. The company’s total revenue surged 33% year-over-year to Dhs35.5bn ($9.6bn), while net profit before tax rose by 25% to Dhs18.9bn ($5.1bn). Emaar’s EBITDA stood at Dhs19.3bn ($5.2bn) with a strong margin of 54%.
Additionally, Emaar’s revenue backlog from property sales exceeded Dhs110bn ($30bn), ensuring steady revenue generation in the coming years.
Ongoing Projects and Strategic Initiatives
Emaar remains committed to delivering ongoing projects on schedule while emphasizing innovation, quality, and operational efficiency. The company continues to invest in digital transformation, talent development, and sustainable growth initiatives to support long-term success.
“Emaar’s 2024 results reflect our dedication to operational excellence, innovation, and customer experience. Moving forward, we remain focused on sustainable and technology-driven growth, further enhancing Dubai’s position as a leading global investment hub while aligning with the UAE’s Net Zero 2050 vision,” said Mohamed Alabbar, Founder of Emaar Properties.
Looking Ahead to 2025
In 2025, Emaar plans to launch new developments and lifestyle offerings, strengthening its presence in the real estate sector. With a focus on cutting-edge technologies and sustainable initiatives, the company aims to enhance its portfolio while delivering high-quality residential and commercial projects.
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