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Emirati (ADX) Real Estate Sector Analysis

UpdatedDec 04, 2023
DataAggregated Company Financials
Companies14
  • 7D2.3%
  • 3M4.3%
  • 1Y24.5%
  • YTD27.6%

The Real Estate industry is up 2.3% in the last week, with Emaar Properties PJSC up 6.6%. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 1.4% per annum.

Sector Valuation and Performance

Has the Emirati Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 Dec 2023د.إ170.0bد.إ51.7bد.إ19.2b13.9x8.9x3.3x
Wed, 01 Nov 2023د.إ156.0bد.إ49.8bد.إ16.6b10x9.4x3.1x
Fri, 29 Sep 2023د.إ177.3bد.إ49.1bد.إ16.2b11.6x10.9x3.6x
Sun, 27 Aug 2023د.إ161.8bد.إ49.1bد.إ16.2b10.8x10x3.3x
Tue, 25 Jul 2023د.إ158.4bد.إ50.8bد.إ16.1b11.4x9.9x3.1x
Thu, 22 Jun 2023د.إ151.3bد.إ50.8bد.إ16.1b12.2x9.4x3x
Sat, 20 May 2023د.إ144.8bد.إ50.6bد.إ16.1b13.9x9x2.9x
Mon, 17 Apr 2023د.إ145.8bد.إ51.6bد.إ15.0b14.5x9.7x2.8x
Wed, 15 Mar 2023د.إ130.0bد.إ51.6bد.إ15.0b10.9x8.7x2.5x
Fri, 10 Feb 2023د.إ135.9bد.إ55.3bد.إ14.0b13.6x9.7x2.5x
Sun, 08 Jan 2023د.إ131.5bد.إ55.1bد.إ13.9b10x9.5x2.4x
Tue, 06 Dec 2022د.إ132.3bد.إ55.1bد.إ13.7b10.2x9.6x2.4x
Thu, 03 Nov 2022د.إ129.1bد.إ56.5bد.إ12.3b13.1x10.5x2.3x
Sat, 01 Oct 2022د.إ126.0bد.إ55.8bد.إ12.3b13.1x10.2x2.3x
Mon, 29 Aug 2022د.إ138.8bد.إ55.8bد.إ12.3b14.6x11.3x2.5x
Wed, 27 Jul 2022د.إ125.6bد.إ55.1bد.إ10.5b11.8x12x2.3x
Fri, 24 Jun 2022د.إ109.0bد.إ55.1bد.إ10.5b10.9x10.4x2x
Sun, 22 May 2022د.إ134.2bد.إ58.0bد.إ9.8b16.9x13.8x2.3x
Tue, 19 Apr 2022د.إ134.8bد.إ56.9bد.إ7.8b15.2x17.2x2.4x
Thu, 17 Mar 2022د.إ156.0bد.إ61.7bد.إ9.8b15.4x15.9x2.5x
Sat, 12 Feb 2022د.إ150.7bد.إ59.4bد.إ8.3b13.5x18.2x2.5x
Mon, 10 Jan 2022د.إ151.3bد.إ59.6bد.إ8.2b13.7x18.3x2.5x
Wed, 08 Dec 2021د.إ150.5bد.إ59.6bد.إ8.2b13.4x18.2x2.5x
Fri, 05 Nov 2021د.إ138.9bد.إ55.1bد.إ7.0b13.8x19.9x2.5x
Sun, 03 Oct 2021د.إ124.0bد.إ55.0bد.إ6.9b11.8x18x2.3x
Tue, 31 Aug 2021د.إ126.7bد.إ55.0bد.إ6.8b12.1x18.7x2.3x
Wed, 07 Jul 2021د.إ121.9bد.إ55.0bد.إ6.8b12x18x2.2x
Sat, 10 Apr 2021د.إ106.7bد.إ48.9bد.إ6.0b9.5x17.9x2.2x
Fri, 01 Jan 2021د.إ105.2bد.إ47.7bد.إ5.4b9.7x19.5x2.2x
Price to Earnings Ratio

13.2x


Total Market Cap: د.إ100.8bTotal Earnings: د.إ7.6bTotal Revenue: د.إ48.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Real Estate Sector Price to Earnings3Y Average 14x202120222023
Current Industry PE
  • Investors are pessimistic on the Emirian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.9x which is lower than its 3-year average PE of 14.0x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Emirati Real Estate sector?

AE Market-0.42%
Real Estate2.27%
Real Estate2.27%
REITS0%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 1.4%, which is lower than the prior year's growth of 32.3% per year.
  • Investors are most pessimistic about the REITS industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.63x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 1.4% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EMAAR Emaar Properties PJSCد.إ7.556.6%
+د.إ4.2b
24.2%PE7.2x
EMAARDEV Emaar Development PJSCد.إ6.820.6%
+د.إ160.0m
63.2%PE5.4x
DEYAAR Deyaar Development PJSCد.إ0.663.0%
+د.إ83.1m
30.1%PE10.4x
KICO Al Khaleej Investment P.J.S.Cد.إ1.6011.9%
+د.إ17.9m
28.0%PE17.8x
ESHRAQ Eshraq Investments PJSCد.إ0.440.5%
+د.إ5.4m
-9.7%PE44x
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Latest News

ALDAR

د.إ5.67

Aldar Properties PJSC

7D

-0.9%

1Y

19.4%

ESHRAQ

د.إ0.44

Eshraq Investments PJSC

7D

0.5%

1Y

-9.7%

DEYAAR

د.إ0.66

Deyaar Development PJSC

7D

3.0%

1Y

30.1%

EMAAR

د.إ7.55

Emaar Properties PJSC

7D

6.6%

1Y

24.2%

KICO

د.إ1.60

Al Khaleej Investment P.J.S.C

7D

11.9%

1Y

28.0%

ARAM

د.إ3.19

ARAM Group Company P.J.S.C

7D

-1.2%

1Y

6.7%

UPP

د.إ0.31

Union Properties

7D

-2.5%

1Y

20.6%

EMAARDEV

د.إ6.82

Emaar Development PJSC

7D

0.6%

1Y

63.2%

RAKPROP

د.إ0.99

RAK Properties PJSC

7D

-2.6%

1Y

39.3%

TECOM

د.إ2.62

TECOM Group PJSC

7D

-1.1%

1Y

13.9%

MANAZEL

د.إ0.35

Manazel PJSC

7D

0.3%

1Y

-15.0%