Emaar Properties Announces Record Dividend

Emaar Properties Announces Record Dividend

Arabian Post -Emaar Properties, Dubai’s leading developer, capped off a banner year in 2023 with robust sales and a significant payout to shareholders. At their recent Annual General Meeting, the company announced a record-breaking dividend of Dh4.4 billion (US$1.2 billion), reflecting their impressive financial performance. This generous distribution underscores Emaar’s commitment to rewarding investors and highlights the company’s strong financial health. The news of the hefty dividend comes on […]

via Emaar Properties Announces Record DividendArabian Post -

Emaar Properties, Dubai’s leading developer, capped off a banner year in 2023 with robust sales and a significant payout to shareholders. At their recent Annual General Meeting, the company announced a record-breaking dividend of Dh4.4 billion (US$1.2 billion), reflecting their impressive financial performance. This generous distribution underscores Emaar’s commitment to rewarding investors and highlights the company’s strong financial health.

The news of the hefty dividend comes on the heels of Emaar’s stellar sales figures for 2023. The company achieved their highest ever property sales, reaching a staggering Dh40.3 billion (US$11 billion) for the year. This robust performance signifies continued investor confidence in the Dubai real estate market and Emaar’s brand reputation for innovation and quality. Notably, Dh37.4 billion (US$10.2 billion) of these sales originated from