Emaar Properties PJSC's (DFM:EMAAR) Shares Not Telling The Full Story
Mar 15
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Emirati (ADX) Real Estate Sector Analysis
UpdatedApr 24, 2025
DataAggregated Company Financials
Companies16
- 7D4.0%
- 3M-3.5%
- 1Y45.6%
- YTD0.02%
Over the last 7 days, the Real Estate industry has risen 4.0%, driven by gains from Emaar Properties PJSC of 5.3%. In the last 12 months, the industry was up 46%. Looking forward, earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the Emirati Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 25 Apr 2025 | د.إ265.5b | د.إ83.9b | د.إ28.5b | 8.5x | 9.3x | 3.2x |
| Sun, 23 Mar 2025 | د.إ271.0b | د.إ83.9b | د.إ28.4b | 8.8x | 9.6x | 3.2x |
| Tue, 18 Feb 2025 | د.إ285.7b | د.إ84.0b | د.إ28.1b | 9.2x | 10.2x | 3.4x |
| Thu, 16 Jan 2025 | د.إ266.0b | د.إ76.1b | د.إ26.2b | 9.5x | 10.2x | 3.5x |
| Sat, 14 Dec 2024 | د.إ227.1b | د.إ76.1b | د.إ26.2b | 7.7x | 8.7x | 3x |
| Mon, 11 Nov 2024 | د.إ215.4b | د.إ70.5b | د.إ26.0b | 6.6x | 8.3x | 3.1x |
| Wed, 09 Oct 2024 | د.إ203.3b | د.إ68.2b | د.إ25.6b | 6.2x | 7.9x | 3x |
| Fri, 06 Sep 2024 | د.إ208.3b | د.إ68.2b | د.إ25.6b | 6.5x | 8.1x | 3.1x |
| Sun, 04 Aug 2024 | د.إ195.4b | د.إ64.6b | د.إ24.9b | 6.5x | 7.9x | 3x |
| Tue, 02 Jul 2024 | د.إ186.6b | د.إ62.5b | د.إ24.4b | 6.7x | 7.7x | 3x |
| Thu, 30 May 2024 | د.إ171.4b | د.إ62.5b | د.إ24.4b | 6.8x | 7x | 2.7x |
| Sat, 27 Apr 2024 | د.إ179.4b | د.إ58.3b | د.إ24.1b | 7.2x | 7.5x | 3.1x |
| Mon, 25 Mar 2024 | د.إ186.6b | د.إ58.2b | د.إ23.9b | 8.1x | 7.8x | 3.2x |
| Wed, 21 Feb 2024 | د.إ177.4b | د.إ58.3b | د.إ23.8b | 10.5x | 7.4x | 3x |
| Fri, 19 Jan 2024 | د.إ165.0b | د.إ51.7b | د.إ19.2b | 13.4x | 8.6x | 3.2x |
| Sun, 17 Dec 2023 | د.إ168.6b | د.إ51.7b | د.إ19.2b | 13.4x | 8.8x | 3.3x |
| Tue, 14 Nov 2023 | د.إ165.6b | د.إ51.6b | د.إ19.1b | 13.3x | 8.7x | 3.2x |
| Thu, 12 Oct 2023 | د.إ175.3b | د.إ49.1b | د.إ16.2b | 11.5x | 10.8x | 3.6x |
| Sat, 09 Sep 2023 | د.إ162.3b | د.إ49.1b | د.إ16.2b | 10.8x | 10x | 3.3x |
| Mon, 07 Aug 2023 | د.إ162.4b | د.إ51.7b | د.إ16.5b | 10.7x | 9.8x | 3.1x |
| Wed, 05 Jul 2023 | د.إ156.4b | د.إ50.8b | د.إ16.1b | 12.3x | 9.7x | 3.1x |
| Fri, 02 Jun 2023 | د.إ144.3b | د.إ50.8b | د.إ16.1b | 13.7x | 9x | 2.8x |
| Sun, 30 Apr 2023 | د.إ145.9b | د.إ51.6b | د.إ15.0b | 14.1x | 9.7x | 2.8x |
| Tue, 28 Mar 2023 | د.إ131.9b | د.إ51.6b | د.إ15.0b | 11.2x | 8.8x | 2.6x |
| Thu, 23 Feb 2023 | د.إ132.5b | د.إ51.4b | د.إ14.0b | 10.6x | 9.5x | 2.6x |
| Sat, 21 Jan 2023 | د.إ133.2b | د.إ55.1b | د.إ13.9b | 10x | 9.6x | 2.4x |
| Mon, 19 Dec 2022 | د.إ127.9b | د.إ55.1b | د.إ13.7b | 9.8x | 9.3x | 2.3x |
| Wed, 16 Nov 2022 | د.إ132.9b | د.إ54.9b | د.إ13.2b | 10.1x | 10x | 2.4x |
| Fri, 14 Oct 2022 | د.إ128.8b | د.إ55.8b | د.إ12.3b | 12.9x | 10.5x | 2.3x |
| Sun, 11 Sep 2022 | د.إ132.7b | د.إ55.8b | د.إ12.3b | 13.9x | 10.8x | 2.4x |
| Tue, 09 Aug 2022 | د.إ129.2b | د.إ55.6b | د.إ10.7b | 13.4x | 12.1x | 2.3x |
| Thu, 07 Jul 2022 | د.إ117.2b | د.إ55.1b | د.إ10.5b | 10.7x | 11.2x | 2.1x |
| Sat, 04 Jun 2022 | د.إ132.0b | د.إ58.0b | د.إ9.8b | 16.9x | 13.5x | 2.3x |
| Mon, 02 May 2022 | د.إ143.6b | د.إ57.6b | د.إ7.9b | 16x | 18.1x | 2.5x |
Price to Earnings Ratio
18.1x
Current Industry PE
- Investors are relatively neutral on the Emirian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.5x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 54% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 1.22% | |
| Real Estate | 3.96% | |
| Real Estate | 4.01% | |
| REITS | -3.01% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 9.6x.
- Analysts are expecting annual earnings growth of 10.6%, which is lower than the prior year's growth of 27.7% 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 1.9x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the REITS industry is expected to see its earnings decline by 60% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EMAAR Emaar Properties PJSC | د.إ12.70 | 4.5% +د.إ4.9b | 55.8% | PE8.3x | |
| EMAARDEV Emaar Development PJSC | د.إ12.65 | 10.0% +د.إ4.6b | 47.1% | PE6.6x | |
| ALDAR Aldar Properties PJSC | د.إ8.37 | 4.9% +د.إ3.1b | 61.6% | PE12x | |
| UPP Union Properties | د.إ0.56 | 2.0% +د.إ47.2m | 34.0% | PE8.8x | |
| AMCREIT Al Mal Capital PSC - Al Mal Capital REIT | د.إ1.04 | 7.2% +د.إ36.0m | n/a | PB0.9x |