By Courtney Trenwith
The payout is in line with previous years and follows stalled quarterly profits for the developer
Dubai developer Emaar has proposed a 15 percent cash dividend for 2015, it said in a bourse statement on Saturday.
During a meeting on Friday, the board recommended AED0.15 ($0.0408) per share, the same as the cash payout proposed for the past two years.
The dividend is expected to be approved at the annual general meeting due on April 16, according to the statement.
The builder of the world's tallest tower reported a near-flat net profit in the most recent quarter after taking a write-down related to a fire at one of its hotels on New Year's Eve.
The $82m write-down stalled an earnings boom at the government-linked developer, which had reported rising net income in the preceding 10 quarters.
Emaar, which has a portfolio of 12 hotels and resorts, made a net profit of AED1.03 billion ($280m) in the three months to December 31, down from AED1.05 billion a year earlier, a bourse statement on February 10 said.