Develops Emaar set to dispense AED2.7 billion in dividends due to financial growth strength
In a significant move, Emaar Development, a leading name in Dubai's real estate sector, announced a dividend distribution of AED2.7 billion (US$740 million) at its Annual General Meeting (AGM). The meeting, held to review Emaar's robust financial performance for 2024 and outline its future growth strategy, also approved the Board's report and the Auditor's report.
Mohamed Alabbar, Founder of Emaar, emphasized that the company is a key driver of Dubai's real estate sector. He attributed Emaar's success to its commitment to excellence, innovation, and customer satisfaction.
Looking ahead to 2025, Emaar Development's growth strategy focuses on capitalizing on strong market demand by launching new projects in prime master communities, expanding recurring revenue streams like retail and hospitality, and pursuing international expansion in high-growth markets such as Egypt and India.
In the first half of 2025, Emaar Development launched 25 new projects across prime master communities in the UAE, driving a 37% surge in property sales to AED 40.6 billion ($11.1 billion). The division achieved AED 10 billion ($2.7 billion) in revenue, up 35% year-on-year, with net profit before tax increasing 50% to AED 5.5 billion ($1.5 billion), showing strong profitability.
Emaar is also growing its footprint in international markets. Property sales increased 200% to AED 5.3 billion in countries like Egypt and India, where urbanization and a growing middle class provide fertile growth opportunities. The company's malls and commercial leasing operations generated AED 3.2 billion in H1 2025, maintaining 98% occupancy rates, with Dubai Mall attracting 111 million visitors annually.
Emaar’s UAE development revenue backlog reached AED 128.6 billion ($35 billion), up 50% year-on-year, providing a strong pipeline for future growth. Improved credit ratings (S&P Global BBB+ and Moody’s Baa1) reflect market confidence in Emaar's strategy and financial strength.
By continuing to launch new residential projects, expanding lifestyle and commercial assets that generate steady income, and leveraging international markets to diversify revenue streams, Emaar aims to sustain its robust growth while maintaining a solid financial foundation and market leadership in the UAE real estate sector.
The city's status as a global investment hub is reinforced by Emaar Development's financial growth and strategic direction. As Dubai continues to evolve, Emaar remains a cornerstone of its real estate sector, committed to enhancing Dubai's global appeal and fostering community-building.
[1] Emaar Development H1 2025 Financial Results [2] Emaar Development 2024 Annual Report [3] Emaar Development Press Release - 2025 Growth Strategy
- Emaar Development's focus on launching new projects, expanding revenue streams, and pursuing international expansion indicates a commitment to innovation and sustainability in the future of their business.
- The UAE real estate sector's growth is driven by key players like Emaar Development, which stands out for its customer-centric approach and strong financial performance.
- The dividend distribution of AED2.7 billion by Emaar Development highlights its financial strength and its dedication to investing in the community and the future of its business.
- Technology will play a significant role in Emaar Development's growth strategy, as they aim to capitalize on strong market demand in prime master communities and high-growth international markets.
- Emaar's financial growth and strategic direction not only contribute to its own success but also reinforce Dubai's standing as a global hub for finance and real estate investment, fostering community development and enhancing the city's global appeal.
