Narrative Update • Jul 22

Over the last 7 days, the Real Estate industry has remained flat. As for the longer term, the industry has declined 22% in the last year. Earnings are forecast to grow by 8.3% annually.
Has the Emirati Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 26 Jul 2026 | د.إ256.7b | د.إ125.3b | د.إ45.7b | 7.7x | 5.6x | 2x |
| Tue, 23 Jun 2026 | د.إ292.7b | د.إ125.3b | د.إ45.7b | 8.6x | 6.4x | 2.3x |
| Thu, 21 May 2026 | د.إ256.5b | د.إ125.3b | د.إ45.7b | 7.4x | 5.6x | 2x |
| Sat, 18 Apr 2026 | د.إ289.9b | د.إ120.2b | د.إ43.0b | 8.4x | 6.7x | 2.4x |
| Mon, 16 Mar 2026 | د.إ254.9b | د.إ119.9b | د.إ42.6b | 7x | 6x | 2.1x |
| Wed, 11 Feb 2026 | د.إ360.4b | د.إ111.9b | د.إ40.1b | 9.9x | 9x | 3.2x |
| Fri, 09 Jan 2026 | د.إ312.8b | د.إ107.8b | د.إ39.3b | 9.2x | 8x | 2.9x |
| Sun, 07 Dec 2025 | د.إ304.9b | د.إ107.8b | د.إ39.5b | 9.4x | 7.7x | 2.8x |
| Tue, 04 Nov 2025 | د.إ304.8b | د.إ101.2b | د.إ37.1b | 10.2x | 8.2x | 3x |
| Thu, 02 Oct 2025 | د.إ307.8b | د.إ99.1b | د.إ36.8b | 11x | 8.4x | 3.1x |
| Sat, 30 Aug 2025 | د.إ323.8b | د.إ97.2b | د.إ33.0b | 12.3x | 9.8x | 3.3x |
| Mon, 28 Jul 2025 | د.إ328.5b | د.إ91.3b | د.إ30.9b | 11x | 10.6x | 3.6x |
| Wed, 25 Jun 2025 | د.إ287.8b | د.إ91.3b | د.إ30.7b | 8.9x | 9.4x | 3.2x |
| Fri, 23 May 2025 | د.إ268.5b | د.إ91.3b | د.إ30.7b | 8.2x | 8.7x | 2.9x |
| Sun, 20 Apr 2025 | د.إ255.7b | د.إ83.9b | د.إ28.5b | 8.3x | 9x | 3x |
| Tue, 18 Mar 2025 | د.إ276.8b | د.إ83.9b | د.إ28.4b | 8.8x | 9.8x | 3.3x |
| Thu, 13 Feb 2025 | د.إ288.9b | د.إ78.4b | د.إ26.7b | 9x | 10.8x | 3.7x |
| Sat, 11 Jan 2025 | د.إ269.4b | د.إ76.1b | د.إ26.2b | 8.7x | 10.3x | 3.5x |
| Mon, 09 Dec 2024 | د.إ228.1b | د.إ76.1b | د.إ26.2b | 8x | 8.7x | 3x |
| Wed, 06 Nov 2024 | د.إ210.1b | د.إ70.4b | د.إ26.0b | 6.4x | 8.1x | 3x |
| Fri, 04 Oct 2024 | د.إ198.2b | د.إ68.2b | د.إ25.6b | 6.1x | 7.7x | 2.9x |
| Sun, 01 Sep 2024 | د.إ201.1b | د.إ68.2b | د.إ25.6b | 6.2x | 7.8x | 2.9x |
| Tue, 30 Jul 2024 | د.إ204.2b | د.إ62.5b | د.إ24.4b | 7x | 8.4x | 3.3x |
| Thu, 27 Jun 2024 | د.إ179.4b | د.إ62.5b | د.إ24.4b | 6.6x | 7.4x | 2.9x |
| Sat, 25 May 2024 | د.إ177.2b | د.إ62.5b | د.إ24.4b | 7x | 7.3x | 2.8x |
| Mon, 22 Apr 2024 | د.إ182.6b | د.إ58.3b | د.إ24.1b | 8.1x | 7.6x | 3.1x |
| Wed, 20 Mar 2024 | د.إ185.4b | د.إ58.3b | د.إ24.6b | 7.9x | 7.5x | 3.2x |
| Fri, 16 Feb 2024 | د.إ173.1b | د.إ58.1b | د.إ23.9b | 11.7x | 7.3x | 3x |
| Sun, 14 Jan 2024 | د.إ171.9b | د.إ51.7b | د.إ19.2b | 13.9x | 9x | 3.3x |
| Tue, 12 Dec 2023 | د.إ163.4b | د.إ51.7b | د.إ19.2b | 13.3x | 8.5x | 3.2x |
| Thu, 09 Nov 2023 | د.إ162.2b | د.إ50.0b | د.إ16.6b | 11.3x | 9.8x | 3.2x |
| Sat, 07 Oct 2023 | د.إ176.4b | د.إ49.1b | د.إ16.2b | 11.5x | 10.9x | 3.6x |
| Mon, 04 Sep 2023 | د.إ163.0b | د.إ49.1b | د.إ16.2b | 10.8x | 10.1x | 3.3x |
| Wed, 02 Aug 2023 | د.إ161.7b | د.إ51.4b | د.إ16.5b | 11.2x | 9.8x | 3.1x |
9.8x
Which industries have driven the changes within the Emirati Real Estate sector?
| AE Market | 0.27% | |
| Real Estate | -0.19% | |
| Residential REITs | 0% | 0 |
| REITS | -0.10% | |
| Real Estate | -0.26% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ALDAR Aldar Properties PJSC | د.إ7.61 | 0.5% +د.إ314.5m | -22.3% | PE7.6x | |
| EMAARDEV Emaar Development PJSC | د.إ13.16 | 0.3% +د.إ160.0m | -14.0% | PE4.3x | |
| DUBAIRESI Dubai Residential REIT | د.إ1.27 | 0.8% +د.إ130.0m | -0.8% | PB0.7x | |
| REIT Emirates REIT (CEIC) | US$0.62 | 1.0% +US$1.9m | 6.5% | PB0.2x | |
| MANAZEL Manazel PJSC | د.إ0.32 | 0.3% +د.إ2.6m | -9.7% | PE57.2x |