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Emirati (ADX) Real Estate Sector Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies15
- 7D-2.9%
- 3M-9.8%
- 1Y25.4%
- YTD5.4%
Over the last 7 days, the Real Estate industry has dropped 2.9%, driven by a pullback from Emaar Properties PJSC of 2.9%. Meanwhile, Eshraq Investments PJSC actually outperformed within the industry, gaining 6.7% in the last week. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Sat, 22 Nov 2025 | د.إ295.5b | د.إ107.8b | د.إ39.5b | 9x | 7.5x | 2.7x |
| Mon, 20 Oct 2025 | د.إ307.7b | د.إ98.5b | د.إ36.6b | 11.8x | 8.4x | 3.1x |
| Wed, 17 Sep 2025 | د.إ315.5b | د.إ99.1b | د.إ36.8b | 10.5x | 8.6x | 3.2x |
| Fri, 15 Aug 2025 | د.إ316.7b | د.إ97.2b | د.إ33.0b | 12.1x | 9.6x | 3.3x |
| Sun, 13 Jul 2025 | د.إ305.8b | د.إ91.3b | د.إ30.9b | 10x | 9.9x | 3.3x |
| Tue, 10 Jun 2025 | د.إ283.1b | د.إ91.3b | د.إ30.7b | 9.1x | 9.2x | 3.1x |
| Thu, 08 May 2025 | د.إ278.6b | د.إ86.2b | د.إ29.0b | 8.6x | 9.6x | 3.2x |
| Sat, 05 Apr 2025 | د.إ247.0b | د.إ83.9b | د.إ28.4b | 8.1x | 8.7x | 2.9x |
| Mon, 03 Mar 2025 | د.إ280.0b | د.إ83.8b | د.إ28.4b | 8.9x | 9.9x | 3.3x |
| Wed, 29 Jan 2025 | د.إ266.6b | د.إ76.1b | د.إ26.2b | 9.3x | 10.2x | 3.5x |
| Fri, 27 Dec 2024 | د.إ260.8b | د.إ76.1b | د.إ26.2b | 8.8x | 10x | 3.4x |
| Sun, 24 Nov 2024 | د.إ223.8b | د.إ76.0b | د.إ26.2b | 7.4x | 8.5x | 2.9x |
| Tue, 22 Oct 2024 | د.إ204.2b | د.إ68.2b | د.إ25.6b | 6.3x | 8x | 3x |
| Thu, 19 Sep 2024 | د.إ203.7b | د.إ68.2b | د.إ25.6b | 6x | 7.9x | 3x |
| Sat, 17 Aug 2024 | د.إ194.8b | د.إ68.2b | د.إ25.7b | 6x | 7.6x | 2.9x |
| Mon, 15 Jul 2024 | د.إ189.0b | د.إ62.5b | د.إ24.4b | 6.7x | 7.8x | 3x |
| Wed, 12 Jun 2024 | د.إ175.0b | د.إ62.5b | د.إ24.4b | 6.7x | 7.2x | 2.8x |
| Fri, 10 May 2024 | د.إ184.4b | د.إ60.9b | د.إ24.7b | 7.4x | 7.5x | 3x |
| Sun, 07 Apr 2024 | د.إ185.8b | د.إ58.2b | د.إ23.9b | 8.1x | 7.8x | 3.2x |
| Tue, 05 Mar 2024 | د.إ182.7b | د.إ58.3b | د.إ23.8b | 11.3x | 7.7x | 3.1x |
| Thu, 01 Feb 2024 | د.إ166.1b | د.إ51.8b | د.إ19.3b | 13.2x | 8.6x | 3.2x |
| Sat, 30 Dec 2023 | د.إ173.1b | د.إ51.7b | د.إ19.2b | 13.8x | 9x | 3.3x |
| Mon, 27 Nov 2023 | د.إ166.2b | د.إ51.7b | د.إ19.1b | 14.1x | 8.7x | 3.2x |
| Wed, 25 Oct 2023 | د.إ147.6b | د.إ49.1b | د.إ16.2b | 10.1x | 9.1x | 3x |
| Fri, 22 Sep 2023 | د.إ177.7b | د.إ49.1b | د.إ16.2b | 11.7x | 11x | 3.6x |
| Sun, 20 Aug 2023 | د.إ157.8b | د.إ49.1b | د.إ16.2b | 10.6x | 9.7x | 3.2x |
| Tue, 18 Jul 2023 | د.إ160.8b | د.إ50.8b | د.إ16.1b | 11.4x | 10x | 3.2x |
| Thu, 15 Jun 2023 | د.إ146.7b | د.إ50.8b | د.إ16.1b | 12.6x | 9.1x | 2.9x |
| Sat, 13 May 2023 | د.إ146.7b | د.إ50.6b | د.إ16.1b | 14.5x | 9.1x | 2.9x |
| Mon, 10 Apr 2023 | د.إ138.3b | د.إ51.6b | د.إ15.0b | 13.8x | 9.2x | 2.7x |
| Wed, 08 Mar 2023 | د.إ138.8b | د.إ51.4b | د.إ14.0b | 9.5x | 9.9x | 2.7x |
| Fri, 03 Feb 2023 | د.إ130.2b | د.إ55.3b | د.إ14.0b | 9.8x | 9.3x | 2.4x |
| Sun, 01 Jan 2023 | د.إ132.5b | د.إ55.1b | د.إ13.9b | 10x | 9.5x | 2.4x |
| Tue, 29 Nov 2022 | د.إ129.7b | د.إ55.1b | د.إ13.7b | 10x | 9.4x | 2.4x |
Price to Earnings Ratio
9.4x
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 7.5x which is lower than its 3-year average PE of 9.0x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.7x.
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 25% 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 | -1.55% | |
| Real Estate | -2.94% | |
| Residential REITs | 0% | 0 |
| Real Estate | -2.97% | |
| REITS | -3.28% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 9.0x.
- Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 38.0% per year.
- Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 2.0x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| ESHRAQ Eshraq Investments PJSC | د.إ0.51 | 6.7% +د.إ85.9m | 61.5% | PS85.6x | |
| MANAZEL Manazel PJSC | د.إ0.32 | 7.0% +د.إ54.6m | 0.9% | PE12.4x | |
| ARAM ARAM Group Company P.J.S.C | د.إ2.77 | 10.4% +د.إ20.5m | 32.5% | PE11.9x | |
| REIT Emirates REIT (CEIC) | US$0.58 | 1.4% +US$2.6m | 24.7% | PB0.2x | |
| KICO Al Khaleej Investment P.J.S.C | د.إ5.99 | 0.3% +د.إ2.1m | 41.9% | PS53.8x |
