Emaar Development Company, which is listed in the Dubai Financial Market, held the annual meeting of its public association, where the Board of Directors reviewed the company’s financial performance in 2024, and discussed its future growth strategies.
The company stated, in a statement yesterday, that the shareholders approved the Board’s proposal to distribute profits of 2.7 billion dirhams (740 million dollars), equivalent to 68% of the capital, and the Board of Directors report for 2024 was approved on the company’s activity and financial position and the audit auditor.
Emaar Development registered real estate sales of 65.4 billion dirhams during the past year, while his net profit increased before taxes by 20% to 10.2 billion dirhams, while total annual revenues reached 19.1 billion dirhams, and the founder of Emaar, Mohamed Al -Abbar, said that «the company’s results for the year 2024 confirms its firm commitment to excellence, innovation and satisfaction Customers, the projects they launched are not limited to building buildings, but rather aim to create integrated complexes that rise to the quality of life and enhance the global position of Dubai.
He added that «the company aims, through integrating technology and sustainability in its projects, to redefine the concept of modern living, while ensuring a permanent value of its customers and shareholders, and in 2025, the company continues its commitment to presenting new projects that are in line with its vision of sustainable growth, as well as strengthening the economy and enabling promising talents.
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