Emaar Properties Board Proposes AED 4.4 Billion Special Dividend

Dubai's largest developer, Emaar Properties, has announced that its board of directors has approved a one-time special dividend of AED 0.5 per share, amounting to a total of AED 4.4 billion ($1.19 billion) for its shareholders. This decision, disclosed to the Dubai Financial Market (DFM), follows a board meeting focused on the company's capital allocation strategy and aims to enhance shareholder value.

This special payout comes in addition to the company's regular annual dividend. In March, Emaar Properties shareholders had already approved a 100 per cent dividend payout, which totalled AED 8.8 billion.

The proposed special dividend builds on a period of strong financial performance for the developer. In the previous year, Emaar reported its highest-ever property sales, reaching AED 80.4 billion — a 16 per cent increase. Total revenue for the year stood at AED 49.6 billion, marking a 40 per cent year-on-year growth, with a net profit before tax of AED 25.7 billion, up 36 per cent from the prior year. The company's revenue backlog from property sales also reached a significant AED 155 billion, indicating strong future revenue visibility.

Next Steps

The implementation of this one-time special dividend is still subject to formal approval by the company’s general assembly and any necessary regulatory clearances. Emaar has stated that further details regarding the record date and the payment date for the dividend will be announced subsequently.

Separately, the board also reviewed proposals aimed at using the company’s various business segments to generate additional value for shareholders. These proposals are currently undergoing further legal and financial analysis before final approval is sought.