Mohamed Alabbar, chairman of Emaar Properties, said: "We are thankful to our shareholders for their support that drives our growth and enables us to create long-term value for the company. Since our inception, we have continuously focused on redefining the property, retail and hospitality landscape of Dubai, and distributed $5.28 billion in cumulative dividends between 2011 to 2018." Its parent company Emaar Properties recently reported a net profit increase of 30% in 2018 compared to the previous year.