Emaar Properties, a Dubai developer will grant a 10 percent dividend to its shareholders, the company reported on Sunday.
The developer provided that it approved the proposal to dispense the payout during its annual general assembly, to confirm its “keenness to ensure added value for its shareholders”.
“We are grateful to our shareholders’ continued support, helping us to remain robust throughout 2020 and boost growth,” said Mohamed Alabbar, founder of Emaar Properties.
“We have been able to maintain our market position, despite the challenges brought by the pandemic and are looking forward to the development of our future innovative projects.”
The developer registered total property sales of 10.902 billion ($2.968 billion) for 2020. The bulk of the deals, about 6.3 billion dirhams, was achieved in the UAE.
“The performance reflects sustained interest from investors, both domestic and foreign,” the company said in a statement.
Also in the previous year, the developer handed over more than 72,100 residential units in Dubai and international markets. More than 26,000 homes are recently under development in the UAE and 12,000 more overseas.