Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The text refers to the consolidated financial statements of Emaar Properties PJSC and its subsidiaries as of December 31, 2024.
Emaar Development achieved record-breaking sales, revenue, and profit in 2024. Property sales increased by 75% to AED 65 billion (US$ 18 billion), and the revenue backlog reached AED 91 billion (US$ 25 billion). Revenue grew by 61% to AED 19.1 billion (US$ 5.2 billion), and EBITDA rose to AED 9.4 billion (US$ 2.6 billion), reflecting a 49% margin. Net profit before tax increased by 20% to AED 10.2 billion (US$ 2.8 billion), with a net margin of 53%. The company launched 62 projects, enhancing its market position and future growth prospects. Emaar Development also proposed a 68% dividend increase, acquired 141 million square feet of development land, and focused on customer satisfaction by repairing homes affected by rain. Additionally, the company emphasized nurturing young UAE talent for future leadership roles.
Emaar Development PJSC and its subsidiaries have released their consolidated financial statements for the year ending December 31, 2024.
Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, established on May 18, 2008. It operates under Federal Law No. 6 of 2007 and is registered under insurance company register No. 86 since October 14, 2008. The company has a paid-up, subscribed, and authorized capital of AED 210.70 million. The Chairman of the Board is Mr. Nooraldeen Subhi Atatreh, and the Acting Chief Executive Officer is Mr. Adnan Sameer Adnan Saba El-Aish. The external auditor is Grant Thornton Audit and Accounting. The company's contact details include a mailing address at P.O. Box 57589, Dubai, UAE, phone number +971 4 230 9300, fax number +971 4 230 9333, and email a.sabaalaish@takafulemarat.com.