Emaar Properties disclosed its record-breaking achievement in 2023, reporting property sales reaching $11 billion. Furthermore, the company announced a total dividend payout of $1.2 billion (AED 4.4 billion) for the same year, following its outstanding performance.
This dividend, approved during the company’s annual general body meeting (AGM) on Monday, translates to 50 fils per share. The $11 billion (AED 40.3 billion) sales figure for 2023 is hailed as the highest ever recorded in terms of property sales income for the company.
New Board of Directors Appointed
In addition, shareholders participated in voting for the appointment of new board members during the AGM. The newly constituted Board of Directors now includes Mohamed Ali Rashed Alabbar, Jamal Majed Khalfan Bin Theniyah, Ahmed Jamal Hassan Jawa, Buti Obaid Buti AlMulla, and Eman Mahmood Ahmed Abdulrazzaq. Abdulla Ali Ahmad Bin Zayed Alfalasi, Ahmad Saeed Obaid Bin MesharAlmheiri, Omar Hamad Abdulla Hamad BuShahab, and Mohammad Omar Karim complete the roster of board members.
Founder’s Optimism and Strategic Initiatives
Mohamed Alabbar, the Founder of Emaar Properties, expressed a high level of optimism and emphasized the company’s relentless focus on surpassing operational excellence, particularly in light of the remarkable results observed in 2024. Alabbar highlighted the company’s ongoing commitment to launching innovative projects that significantly contribute to Dubai’s economy, enhance long-term shareholder value, and drive robust growth. He underlined strategic initiatives in digital transformation, product innovation, and market penetration as key drivers for future success.
