Emaar Properties has stunned investors yet again. In the AGM, or Annual General Meeting, on Wednesday, the company approved a 100 percent dividend for investors. The dividend, which is a massive 8.8 billion dirhams.
This comes on the heels of the update to the dividend policy of Emaar back in December 2024. The meeting approved the report of the auditor for 2024 along with the board’s report regarding the work and financial position of the company.
Emaar Properties’ Annual General Meeting (AGM) on Wednesday approved a 100 percent dividend payout for 2024, amounting to Dh8.8 billion.
The UAE real estate giant saw massive sales of 70 billion Arabian Emirati Dirhams in 2024. This is about a 72 percent surge when looked at in comparison to the figures from last year in 2023.
Now, the company has 110 billion dirhams, which it has not yet received from bookings the company already has.
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The overall revenue of the business in 2024 went on to hit 35.5 billion dirhams. This is a massive 33 percent annual increase.
At the same time, net pre-tax profit went up by 25 percent to 18.9 billion dirhams.
Meanwhile, the EBITDA for the year is about 19.3 billion dirhams, with a margin of 54 percent.
“Emaar’s 2024 results reflect our dedication to operational excellence, innovation, and customer experience. As we move forward, we remain committed to sustainable and technology-driven growth, further enhancing Dubai’s position as a leading global destination for investment and development while aligning with the UAE’s Net Zero 2050 vision,” revealed Mohamed Alabbar, founder of Emaar Properties.
This trend is likely to continue to grow. The UAE real estate market is going to continue to expand over the next few years. In 2025 in just Abu Dhabi, there are going to be about 10,800 units. This figure for 2026 is currently going to be 6,000 units.
The average prices for both apartments and villas continue to go up. Apartment prices have gone up 11.5 percent. On the other hand, villa prices are up by about 12.5 percent.
The demand for residential real estate in Abu Dhabi is booming. It is not just Dubai that is booming in terms of real estate sales. We are also seeing a massive surge in other areas. In fact, the total demand by 2028 means that the market will be able to absorb the 38,700 units that are set to hit the market by 2028.
Last year, total sales hit a massive 26 billion dirhams in the UAE real estate market. A total of 9,700 properties ended up changing hands. The residential real estate sector is being helped by long-term government vision and planning, which is allowing the government to assure investors that the UAE government is going to make sure that the economy and the real estate sector, in particular, are doing well and will continue to do very well. You can still make a very handsome profit in the UAE market, and the rates are still good for long-term investors both in terms of rental yields and profits.
“The residential sector in Abu Dhabi is experiencing steady growth, driven by increased demand from local and international investors as well as strategic Government initiatives such as residency incentives,” said Andrew Laver, Cavendish Maxwell associate partner, Abu Dhabi.
10,800 new units due in 2025
According to Cavendish Maxwell’s newest Abu Dhabi report, about 10,800 new units are due to be delivered this year in 2025, with an additional 6,000 in 2026.
By the end of 2028, Abu Dhabi’s total residential inventory will be around 313,700. The report also showed that 5,200 new homes were handed in 2024, mostly at Al Raha Beach, Yas Island, Masdar City and Saadiyat Island – a total 275,000 units in total at year-end.
“Sustainable development and innovative housing solutions will be key in shaping the future of capital’s residential property market, with rising demand and price appreciation further boosted by infrastructure expansion and enhanced community offerings,” added Laver.
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