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Emaar Properties registered a 72% year-on-year (YoY) surge in property sales to AED 70 billion ($19 billion) in 2024, the highest ever it said.
Revenues reached an all-time high of AED 35.5 billion in 2024, a 33% increase YoY, bolstered by record property sales, the Dubai-listed company said.
The group’s revenue backlog from property sales surpassed AED 110 billion as of December 31, 2024, rising 55% from 2023, which indicated “robust revenue growth for the coming years”.
Net profit attributable rose 16% to AED 13.51 billion in 2024 compared to AED 11.64 billion in 2023.
Emaar acquired 141 million square feet of development land in a prime area in Dubai with a total development value of AED 96 billion.
Last December, the company announced a new dividend policy and proposed its highest-ever dividend of AED 8.8 billion for 2024, up 100% from 2023.
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