Analysis Article • Aug 21
Have your own idea? Try our Stock Screener
Emirati (ADX) Real Estate Sector Analysis
UpdatedSep 10, 2026
DataAggregated Company Financials
Companies15
- 7D2.7%
- 3M3.0%
- 1Y-17.2%
- YTD-14.9%
Over the last 7 days, the Real Estate industry has risen 2.7%, driven by gains from Emaar Properties PJSC of 3.6%. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 8.2% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 10 Sep 2026 | د.إ258.0b | د.إ129.3b | د.إ46.1b | 7.8x | 5.6x | 2x |
| Sat, 08 Aug 2026 | د.إ263.0b | د.إ125.8b | د.إ45.0b | 7.8x | 5.8x | 2.1x |
| Mon, 06 Jul 2026 | د.إ276.6b | د.إ125.3b | د.إ45.7b | 8.1x | 6x | 2.2x |
| Wed, 03 Jun 2026 | د.إ261.7b | د.إ125.3b | د.إ45.7b | 7.6x | 5.7x | 2.1x |
| Fri, 01 May 2026 | د.إ269.3b | د.إ120.2b | د.إ43.0b | 8.1x | 6.3x | 2.2x |
| Sun, 29 Mar 2026 | د.إ266.4b | د.إ119.9b | د.إ43.0b | 7.5x | 6.2x | 2.2x |
| Tue, 24 Feb 2026 | د.إ369.3b | د.إ119.9b | د.إ42.6b | 9.5x | 8.7x | 3.1x |
| Thu, 22 Jan 2026 | د.إ315.5b | د.إ107.8b | د.إ39.3b | 9.1x | 8x | 2.9x |
| Sat, 20 Dec 2025 | د.إ300.1b | د.إ107.8b | د.إ39.5b | 9.3x | 7.6x | 2.8x |
| Mon, 17 Nov 2025 | د.إ304.0b | د.إ107.8b | د.إ39.5b | 9.2x | 7.7x | 2.8x |
| Wed, 15 Oct 2025 | د.إ312.9b | د.إ98.5b | د.إ36.6b | 11.8x | 8.6x | 3.2x |
| Fri, 12 Sep 2025 | د.إ317.9b | د.إ97.2b | د.إ33.0b | 12x | 9.6x | 3.3x |
| Sun, 10 Aug 2025 | د.إ324.3b | د.إ97.1b | د.إ32.9b | 12.3x | 9.9x | 3.3x |
| Tue, 08 Jul 2025 | د.إ298.9b | د.إ91.3b | د.إ30.7b | 8.6x | 9.7x | 3.3x |
| Thu, 05 Jun 2025 | د.إ281.4b | د.إ91.3b | د.إ30.7b | 8.3x | 9.2x | 3.1x |
| Sat, 03 May 2025 | د.إ275.6b | د.إ86.2b | د.إ28.9b | 8.6x | 9.5x | 3.2x |
| Mon, 31 Mar 2025 | د.إ271.7b | د.إ83.9b | د.إ28.4b | 8.7x | 9.6x | 3.2x |
| Wed, 26 Feb 2025 | د.إ287.9b | د.إ84.0b | د.إ28.1b | 9.2x | 10.2x | 3.4x |
| Fri, 24 Jan 2025 | د.إ274.7b | د.إ76.1b | د.إ26.2b | 9.3x | 10.5x | 3.6x |
| Sun, 22 Dec 2024 | د.إ259.6b | د.إ76.1b | د.إ26.2b | 8.8x | 9.9x | 3.4x |
| Tue, 19 Nov 2024 | د.إ224.8b | د.إ76.0b | د.إ26.2b | 7.5x | 8.6x | 3x |
| Thu, 17 Oct 2024 | د.إ206.9b | د.إ68.2b | د.إ25.6b | 6.4x | 8.1x | 3x |
| Sat, 14 Sep 2024 | د.إ203.5b | د.إ68.2b | د.إ25.6b | 6.3x | 7.9x | 3x |
| Mon, 12 Aug 2024 | د.إ192.6b | د.إ68.2b | د.إ25.7b | 6x | 7.5x | 2.8x |
| Wed, 10 Jul 2024 | د.إ186.6b | د.إ62.5b | د.إ24.4b | 6.7x | 7.7x | 3x |
| Fri, 07 Jun 2024 | د.إ171.6b | د.إ62.5b | د.إ24.4b | 6.7x | 7x | 2.7x |
| Sun, 05 May 2024 | د.إ179.9b | د.إ60.9b | د.إ24.7b | 7.3x | 7.3x | 3x |
| Tue, 02 Apr 2024 | د.إ185.0b | د.إ58.2b | د.إ23.9b | 8.2x | 7.7x | 3.2x |
| Thu, 29 Feb 2024 | د.إ179.8b | د.إ58.3b | د.إ23.8b | 11.4x | 7.6x | 3.1x |
| Sat, 27 Jan 2024 | د.إ165.8b | د.إ51.8b | د.إ19.3b | 13.3x | 8.6x | 3.2x |
| Mon, 25 Dec 2023 | د.إ169.8b | د.إ51.7b | د.إ19.2b | 13.5x | 8.9x | 3.3x |
| Wed, 22 Nov 2023 | د.إ166.2b | د.إ51.7b | د.إ19.1b | 13.8x | 8.7x | 3.2x |
| Fri, 20 Oct 2023 | د.إ151.5b | د.إ49.1b | د.إ16.2b | 10.5x | 9.3x | 3.1x |
| Sun, 17 Sep 2023 | د.إ163.6b | د.إ49.1b | د.إ16.2b | 10.9x | 10.1x | 3.3x |
Price to Earnings Ratio
10.1x
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 5.6x which is lower than its 3-year average PE of 8.2x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 38% 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 | 1.70% | |
| Real Estate | 2.66% | |
| Real Estate | 2.80% | |
| REITS | 1.94% | |
| Residential REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 8.3x.
- Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 38.8% 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 2.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 8.3% over the next 5 years.
- However this is lower than its past earnings growth rate of 39% per year.
- In contrast, the REITS industry is expected to see its earnings decline by 4.8% 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.إ10.98 | 2.0% +د.إ1.9b | -22.7% | PE5.1x | |
| ALDAR Aldar Properties PJSC | د.إ7.79 | 2.5% +د.إ1.5b | -18.4% | PE7.6x | |
| EMAARDEV Emaar Development PJSC | د.إ13.00 | 1.7% +د.إ880.0m | -8.5% | PE4x | |
| REIT Emirates REIT (CEIC) | US$0.80 | 9.0% +US$21.1m | 62.4% | PB0.3x | |
| RAKPROP RAK Properties PJSC | د.إ1.08 | 0.9% +د.إ30.0m | -26.5% | PE10.1x |