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Emirati (ADX) Real Estate Sector Analysis

UpdatedDec 08, 2022
DataAggregated Company Financials
Companies14
  • 7D-0.7%
  • 3M-1.2%
  • 1Y9.3%
  • YTD9.3%

Over the last 7 days, the Real Estate industry has risen 1.8%, driven by gains from Emaar Properties PJSC of 2.8%. In the same time, Aldar Properties PJSC was down 6.3%. This takes the industry's 12 month performance to a gain of 8.9%. Looking forward, earnings are forecast to grow by 4.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Dec 2022د.إ131.5bد.إ55.1bد.إ13.7b10x9.6x2.4x
Sat, 05 Nov 2022د.إ129.3bد.إ56.5bد.إ12.4b13.2x10.4x2.3x
Mon, 03 Oct 2022د.إ127.1bد.إ55.8bد.إ12.3b13.1x10.3x2.3x
Wed, 31 Aug 2022د.إ138.8bد.إ55.8bد.إ12.3b14.4x11.3x2.5x
Fri, 29 Jul 2022د.إ126.8bد.إ55.1bد.إ10.5b11.8x12.1x2.3x
Sun, 26 Jun 2022د.إ109.4bد.إ55.1bد.إ10.5b10.9x10.4x2x
Tue, 24 May 2022د.إ130.5bد.إ58.0bد.إ9.8b16.3x13.4x2.2x
Thu, 21 Apr 2022د.إ139.2bد.إ56.9bد.إ7.8b15.5x17.8x2.4x
Sat, 19 Mar 2022د.إ159.2bد.إ61.7bد.إ9.8b15.9x16.3x2.6x
Mon, 14 Feb 2022د.إ150.7bد.إ59.3bد.إ8.6b14.2x17.6x2.5x
Wed, 12 Jan 2022د.إ150.9bد.إ59.6bد.إ8.2b13.7x18.3x2.5x
Fri, 10 Dec 2021د.إ150.7bد.إ59.6bد.إ8.2b13.5x18.3x2.5x
Sun, 07 Nov 2021د.إ139.3bد.إ55.1bد.إ7.0b13.8x19.9x2.5x
Tue, 05 Oct 2021د.إ121.7bد.إ55.0bد.إ6.9b11.4x17.6x2.2x
Thu, 02 Sep 2021د.إ128.1bد.إ55.0bد.إ6.8b12.2x18.9x2.3x
Sat, 31 Jul 2021د.إ119.9bد.إ55.0bد.إ6.8b11.5x17.7x2.2x
Tue, 04 May 2021د.إ108.9bد.إ48.9bد.إ6.0b10x18.3x2.2x
Fri, 05 Feb 2021د.إ109.5bد.إ47.7bد.إ5.4b10.2x20.3x2.3x
Mon, 09 Nov 2020د.إ87.7bد.إ48.4bد.إ7.6b9.6x11.5x1.8x
Sun, 02 Aug 2020د.إ75.3bد.إ50.8bد.إ9.2b7.8x8.2x1.5x
Wed, 06 May 2020د.إ75.8bد.إ55.1bد.إ10.8b7.3x7x1.4x
Sat, 08 Feb 2020د.إ101.8bد.إ56.2bد.إ13.1b8.8x7.8x1.8x
Price to Earnings Ratio

7.8x


Total Market Cap: د.إ101.9bTotal Earnings: د.إ13.1bTotal Revenue: د.إ56.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Real Estate Sector Price to Earnings3Y Average 13.7x20212022
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 9.6x which is lower than its 3-year average PE of 13.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

AE Market0.0014%
Real Estate-0.70%
REITS0.92%
Real Estate-0.71%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 13.3x.
    • Analysts are expecting annual earnings growth of 4.4%, which is lower than the prior year's growth of 21.8% 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.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 4.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 22% per year.
  • In contrast, the REITS industry is expected to see its earnings decline by 55% per year 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.إ6.252.8%
+د.إ1.4b
28.6%PB0.8x
DEYAAR Deyaar Development PJSCد.إ0.533.1%
+د.إ70.0m
-21.4%PB0.5x
UPP Union Propertiesد.إ0.275.1%
+د.إ55.8m
-22.0%PB0.6x
ENBDREIT ENBD REIT (CEIC)US$0.392.4%
+US$2.3m
-13.4%PB0.6x
MANAZEL Manazel PJSCد.إ0.400.3%
+د.إ2.6m
-32.1%PB0.3x
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Latest News

DEYAAR

د.إ0.53

Deyaar Development PJSC

7D

3.1%

1Y

-21.4%

ENBDREIT

US$0.39

ENBD REIT (CEIC)

7D

2.4%

1Y

-13.4%

EMAAR

د.إ6.25

Emaar Properties PJSC

7D

2.8%

1Y

28.6%

ARAM

د.إ2.98

ARAM Group Company P.J.S.C

7D

-0.3%

1Y

12.9%

REIT

US$0.25

Emirates REIT (CEIC)

7D

-0.8%

1Y

19.1%

RAKPROP

د.إ0.71

RAK Properties PJSC

7D

-0.7%

1Y

-8.1%

MANAZEL

د.إ0.40

Manazel PJSC

7D

0.3%

1Y

-32.1%

ESHRAQ

د.إ0.47

Eshraq Investments PJSC

7D

-2.7%

1Y

-27.2%

ALDAR

د.إ4.45

Aldar Properties PJSC

7D

-6.3%

1Y

6.7%

UPP

د.إ0.27

Union Properties

7D

5.1%

1Y

-22.0%

TECOM

د.إ2.29

TECOM Group PJSC

7D

-0.4%

1Y

n/a