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Emirati (ADX) Real Estate Sector Analysis

UpdatedOct 09, 2024
DataAggregated Company Financials
Companies16
  • 7D-1.4%
  • 3M8.5%
  • 1Y17.0%
  • YTD15.8%

Over the last 7 days, the Real Estate industry has dropped 5.2%, driven by a pullback from Emaar Properties PJSC of 1.7%. Meanwhile, Emirates REIT (CEIC) actually outperformed within the industry, gaining 21% in the last week. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 8.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Oct 2024د.إ203.3bد.إ68.2bد.إ25.6b6.2x7.9x3x
Fri, 06 Sep 2024د.إ208.3bد.إ68.2bد.إ25.6b6.5x8.1x3.1x
Sun, 04 Aug 2024د.إ195.4bد.إ64.6bد.إ24.9b6.5x7.9x3x
Tue, 02 Jul 2024د.إ186.6bد.إ62.5bد.إ24.4b6.7x7.7x3x
Thu, 30 May 2024د.إ171.4bد.إ62.5bد.إ24.4b6.8x7x2.7x
Sat, 27 Apr 2024د.إ179.4bد.إ58.3bد.إ24.1b7.2x7.5x3.1x
Mon, 25 Mar 2024د.إ186.6bد.إ58.2bد.إ23.9b8.1x7.8x3.2x
Wed, 21 Feb 2024د.إ177.4bد.إ58.3bد.إ23.8b10.5x7.4x3x
Fri, 19 Jan 2024د.إ165.0bد.إ51.7bد.إ19.2b13.4x8.6x3.2x
Sun, 17 Dec 2023د.إ168.6bد.إ51.7bد.إ19.2b13.4x8.8x3.3x
Tue, 14 Nov 2023د.إ165.6bد.إ51.6bد.إ19.1b13.3x8.7x3.2x
Thu, 12 Oct 2023د.إ175.3bد.إ49.1bد.إ16.2b11.5x10.8x3.6x
Sat, 09 Sep 2023د.إ162.3bد.إ49.1bد.إ16.2b10.8x10x3.3x
Mon, 07 Aug 2023د.إ162.4bد.إ51.7bد.إ16.5b10.7x9.8x3.1x
Wed, 05 Jul 2023د.إ156.4bد.إ50.8bد.إ16.1b12.3x9.7x3.1x
Fri, 02 Jun 2023د.إ144.3bد.إ50.8bد.إ16.1b13.7x9x2.8x
Sun, 30 Apr 2023د.إ145.9bد.إ51.6bد.إ15.0b14.1x9.7x2.8x
Tue, 28 Mar 2023د.إ131.9bد.إ51.6bد.إ15.0b11.2x8.8x2.6x
Thu, 23 Feb 2023د.إ132.5bد.إ51.4bد.إ14.0b10.6x9.5x2.6x
Sat, 21 Jan 2023د.إ133.2bد.إ55.1bد.إ13.9b10x9.6x2.4x
Mon, 19 Dec 2022د.إ127.9bد.إ55.1bد.إ13.7b9.8x9.3x2.3x
Wed, 16 Nov 2022د.إ132.9bد.إ54.9bد.إ13.2b10.1x10x2.4x
Fri, 14 Oct 2022د.إ128.8bد.إ55.8bد.إ12.3b12.9x10.5x2.3x
Sun, 11 Sep 2022د.إ132.7bد.إ55.8bد.إ12.3b13.9x10.8x2.4x
Tue, 09 Aug 2022د.إ129.2bد.إ55.6bد.إ10.7b13.4x12.1x2.3x
Thu, 07 Jul 2022د.إ117.2bد.إ55.1bد.إ10.5b10.7x11.2x2.1x
Sat, 04 Jun 2022د.إ132.0bد.إ58.0bد.إ9.8b16.9x13.5x2.3x
Mon, 02 May 2022د.إ143.6bد.إ57.6bد.إ7.9b16x18.1x2.5x
Wed, 30 Mar 2022د.إ130.9bد.إ56.9bد.إ7.8b14.9x16.7x2.3x
Fri, 25 Feb 2022د.إ149.1bد.إ60.2bد.إ9.0b13.4x16.5x2.5x
Sun, 23 Jan 2022د.إ149.8bد.إ59.6bد.إ8.2b13.5x18.2x2.5x
Tue, 21 Dec 2021د.إ147.5bد.إ59.6bد.إ8.2b13.1x17.9x2.5x
Thu, 18 Nov 2021د.إ148.1bد.إ57.0bد.إ7.8b14.6x19.1x2.6x
Sat, 16 Oct 2021د.إ121.9bد.إ55.0bد.إ6.9b11.3x17.7x2.2x
Price to Earnings Ratio

17.7x


Total Market Cap: د.إ121.9bTotal Earnings: د.إ6.9bTotal Revenue: د.إ55.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Real Estate Sector Price to Earnings3Y Average 11x202220232024
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 7.7x which is lower than its 3-year average PE of 11.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 55% per year over the last three years.
  • Revenues for these companies have grown 7.4% 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-1.30%
Real Estate-1.36%
REITS13.44%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
Real Estate-1.40%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 11.0x.
    • Analysts are expecting annual earnings growth of 8.2%, which is lower than the prior year's growth of 83.2% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 1.1x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 8.2% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 8.2% 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
REIT Emirates REIT (CEIC)US$0.2520.8%
+US$13.9m		n/aPB0.2x
ENBDREIT ENBD REIT (CEIC)US$0.357.4%
+US$6.0m		n/aPB0.5x
RAPCO RAPCO Investment PJSCد.إ1.706.3%
+د.إ9.5m		-6.1%PE12.2x
KICO Al Khaleej Investment P.J.S.Cد.إ4.400.7%
+د.إ3.2m		417.6%PE57x
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Latest News

EMAARDEV

د.إ8.43

Emaar Development PJSC

7D

-1.7%

1Y

20.9%

Take Care Before Diving Into The Deep End On Emaar Development PJSC (DFM:EMAARDEV)

Oct 02
Take Care Before Diving Into The Deep End On Emaar Development PJSC (DFM:EMAARDEV)

ALDAR

د.إ7.52

Aldar Properties PJSC

7D

-0.3%

1Y

32.4%

RAPCO

د.إ1.70

RAPCO Investment PJSC

7D

6.3%

1Y

-6.1%

KICO

د.إ4.40

Al Khaleej Investment P.J.S.C

7D

0.7%

1Y

417.6%

EMAAR

د.إ8.46

Emaar Properties PJSC

7D

-1.7%

1Y

10.7%

Take Care Before Diving Into The Deep End On Emaar Properties PJSC (DFM:EMAAR)

Sep 05
Take Care Before Diving Into The Deep End On Emaar Properties PJSC (DFM:EMAAR)

REIT

US$0.25

Emirates REIT (CEIC)

7D

20.8%

1Y

n/a

TECOM

د.إ3.15

TECOM Group PJSC

7D

-3.1%

1Y

15.0%

ARAM

د.إ2.19

ARAM Group Company P.J.S.C

7D

-18.6%

1Y

-34.6%

RAKPROP

د.إ1.20

RAK Properties PJSC

7D

-3.2%

1Y

13.5%

UPP

د.إ0.34

Union Properties

7D

-5.9%

1Y

-10.6%

DEYAAR

د.إ0.68

Deyaar Development PJSC

7D

-1.0%

1Y

5.5%

ENBDREIT

US$0.35

ENBD REIT (CEIC)

7D

7.4%

1Y

n/a