Emaar Development Achieves Record-Breaking AED 65.4 Billion in Property Sales
Property Sales recorded impressive 75% increase amounting to AED 65 billion (US$ 18 billion); Backlog crosses AED 91 billion (US$ 25 billion)
Emaar Development’s Revenue increased by 61% to AED 19.1 billion (US$ 5.2 billion)
EBITDA increased to AED 9.4 billion (US$ 2.6 billion) indicating a high EBITDA margin of 49%.
Emaar Development Achieves Record-Breaking AED 65.4 Billion in Property Sales, a 75% Surge from 2023
Sales Growth: Emaar Development achieved its highest ever property sales of AED 65.4 billion (US$ 17.8 billion); an increase of 75% over 2023 sales of AED 37.4 billion (US$10.2 billion). The success of 62 projects launches across all the masterplans during 2024 further underscores Emaar’s market leadership and positions the company for sustained future growth.
Pakistani-Owned Aeon & Trisl Group Leads Dubai’s Real Estate Market
Backlog Growth: Enhanced by record sales during 2024, revenue backlog reached to AED 90.9 billion (US$ 24.7 billion) as of 31 December 2024; an increase of 59% from 2023 indicating a significant increase in revenue in the forthcoming years.
Emaar Reports Highest Ever Revenue & Profitability in 2024, Proposes 68% Dividend Increase
Revenue Growth: Emaar Development recorded highest ever Revenue amounting to AED 19.1 billion (US$ 5.2 billion) in 2024, a 61% increase compared to 2023.
Profitability: The company also recorded its highest ever Net Profit (before tax) of AED 10.2 billion (US$ 2.8 billion); an increase of 20% as compared to 2023.
Dividend: Emaar Development’s board has proposed its highest ever dividend of 68% of its share capital amounting to AED 2.7 billion (US$ 740 million), an increase of 31% from 2023, subject to approval of shareholders at the forthcoming Annual General Meeting of the Company.
Emaar Development Secures AED 90.9 Billion Revenue Backlog, Signaling Strong Future Growth
Business Expansion: Acquired 141 million square feet of development land in prime area with a total development value of AED 96 billion during the year.
Customer Satisfaction: In 2024, Emaar Development repaired all homes affected by unprecedent rain at its own cost. Our results are due to this unwavering focus on the customer requirements, product and service quality to achieve highest customer satisfaction.
Emaar Expands with 141 Million Sq. Ft. of Prime Land, Reinforces Commitment to Growth & Excellence
Young Talent development for future: Investing in our people is a priority. We are committed to providing training and development opportunities to nurture young UAE National talent, foster a culture of excellence and get them ready to take leadership roles in Emaar in near future.
Arclink Developers Achieve Milestones in Peshawar, Overcoming Economic Hurdles
Mohamed Alabbar, founder of Emaar, stated,“We are really pleased with our 2024 results which is a result of us pushing our limits, doubling our targets, achieving the best efficiencies and working hard with complete focus on our customers. Our success is a result of the trust and confidence of our customers and our utmost efforts to go beyond the norm in terms of our product design, delivery quality, superior maintenance of our communities and effective customer service.
- Pakistani-Owned Aeon & Trisl Group Leads Dubai’s Real Estate Market
- Arclink Developers Achieve Milestones in Peshawar, Overcoming Economic Hurdles
- Pakistan’s biggest Real Estate Group, IMARAT enters the Capital Market with REIT License
- Aeon & Trisl Clinches Top Honors with Emaar and Aldar Awards
- Saleem Karsaz Leads Aeon & Trisl to #1 Rank by Emaar, Spotlighted at Burj Khalifa
