Emaar Properties, a leading real estate developer based in Dubai, has demonstrated robust financial performance in 2024, achieving record-breaking figures across various metrics.
Financial Performance:
Revenue: Emaar reported its highest-ever revenue of AED 35.5 billion (approximately US\$9.6 billion) in 2024, marking a 33% increase compared to the previous year.
Net Profit: The company's net profit before tax rose by 25% to AED 18.9 billion (US\$5.1 billion), reflecting strong operational efficiency and profitability.
Property Sales: Emaar achieved record property sales of AED 70 billion (US\$19 billion), a 72% increase over 2023 figures.
Revenue Backlog: The company's revenue backlog from property sales surpassed AED 110 billion (US\$30 billion) as of December 31, 2024, indicating robust future revenue streams.
Balance Sheet and Financial Ratios:
Total Assets: Emaar's total assets increased to AED 160.2 billion in 2024, up from AED 139.4 billion in 2023.
Total Equity: The company's total equity rose to AED 96.1 billion in 2024, reflecting a strong capital base.
Debt Levels: Emaar's total debt stood at approximately AED 9.6 billion as of the most recent quarter, with a debt-to-equity ratio of 10.5%, indicating prudent financial leverage.
Strategic Developments:
Dividend Policy: In December 2024, Emaar announced a new dividend policy, proposing its highest-ever dividend of 100% of share capital for 2024, amounting to AED 8.8 billion.
Land Acquisition: The company acquired 141 million square feet of development land in prime areas of Dubai, with a total development value of AED 96 billion, positioning itself for sustained growth.
Market Position and Outlook:
Emaar's strong financial performance in 2024 reflects its resilience and adaptability in a competitive real estate market. The company's strategic initiatives, including significant land acquisitions and a generous dividend policy, underscore its commitment to delivering value to shareholders. With a substantial revenue backlog and a robust pipeline of projects, Emaar is well-positioned to maintain its leadership in the real estate sector.
-*Disclaimer: This is just my personal opinion and not financial advice. I am not a professional financial advisor. Please do your own research before making any investment decisions. Any losses incurred are solely at your own risk.*
Financial Performance:
Revenue: Emaar reported its highest-ever revenue of AED 35.5 billion (approximately US\$9.6 billion) in 2024, marking a 33% increase compared to the previous year.
Net Profit: The company's net profit before tax rose by 25% to AED 18.9 billion (US\$5.1 billion), reflecting strong operational efficiency and profitability.
Property Sales: Emaar achieved record property sales of AED 70 billion (US\$19 billion), a 72% increase over 2023 figures.
Revenue Backlog: The company's revenue backlog from property sales surpassed AED 110 billion (US\$30 billion) as of December 31, 2024, indicating robust future revenue streams.
Balance Sheet and Financial Ratios:
Total Assets: Emaar's total assets increased to AED 160.2 billion in 2024, up from AED 139.4 billion in 2023.
Total Equity: The company's total equity rose to AED 96.1 billion in 2024, reflecting a strong capital base.
Debt Levels: Emaar's total debt stood at approximately AED 9.6 billion as of the most recent quarter, with a debt-to-equity ratio of 10.5%, indicating prudent financial leverage.
Strategic Developments:
Dividend Policy: In December 2024, Emaar announced a new dividend policy, proposing its highest-ever dividend of 100% of share capital for 2024, amounting to AED 8.8 billion.
Land Acquisition: The company acquired 141 million square feet of development land in prime areas of Dubai, with a total development value of AED 96 billion, positioning itself for sustained growth.
Market Position and Outlook:
Emaar's strong financial performance in 2024 reflects its resilience and adaptability in a competitive real estate market. The company's strategic initiatives, including significant land acquisitions and a generous dividend policy, underscore its commitment to delivering value to shareholders. With a substantial revenue backlog and a robust pipeline of projects, Emaar is well-positioned to maintain its leadership in the real estate sector.
-*Disclaimer: This is just my personal opinion and not financial advice. I am not a professional financial advisor. Please do your own research before making any investment decisions. Any losses incurred are solely at your own risk.*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.