Emaar Properties, the largest listed developer on Dubai’s stock exchange, has said that its board of directors has proposed a 15% cash dividend for the full year 2018 to its shareholders.

The developer, whose portfolio includes Burj Khalifa and Dubai Mall, said in a statement to Dubai Financial Market that the dividends amount to 15 fils per share, and are worth a total of $291 million.

It also announced a full year net profit of $1.63 billion as compared to $1.51 billion the year before, which translates into a 9.7% increase.

Revenues for 2018 stood at $6.99 billion, up 37% from the $5.10 billion posted in 2017.