Narrative Update • Jul 22
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Emirati (ADX) Real Estate Sector Analysis
UpdatedJul 25, 2026
DataAggregated Company Financials
Companies15
- 7D-0.2%
- 3M-8.5%
- 1Y-21.8%
- YTD-15.4%
The Real Estate industry has stayed flat over the last week. As for the longer term, the industry has declined 22% in the last year. Looking forward, earnings are forecast to grow by 8.3% annually.
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, 25 Jul 2026 | د.إ256.7b | د.إ125.3b | د.إ45.7b | 7.7x | 5.6x | 2x |
| Mon, 22 Jun 2026 | د.إ292.6b | د.إ125.3b | د.إ45.7b | 8.6x | 6.4x | 2.3x |
| Wed, 20 May 2026 | د.إ259.7b | د.إ125.3b | د.إ45.7b | 7.6x | 5.7x | 2.1x |
| Fri, 17 Apr 2026 | د.إ287.3b | د.إ120.2b | د.إ43.0b | 8.2x | 6.7x | 2.4x |
| Sun, 15 Mar 2026 | د.إ254.9b | د.إ119.9b | د.إ42.6b | 7x | 6x | 2.1x |
| Tue, 10 Feb 2026 | د.إ358.7b | د.إ108.1b | د.إ39.3b | 9.8x | 9.1x | 3.3x |
| Thu, 08 Jan 2026 | د.إ314.0b | د.إ107.8b | د.إ39.4b | 9.3x | 8x | 2.9x |
| Sat, 06 Dec 2025 | د.إ304.9b | د.إ107.8b | د.إ39.5b | 9.4x | 7.7x | 2.8x |
| Mon, 03 Nov 2025 | د.إ309.9b | د.إ101.2b | د.إ37.1b | 10.6x | 8.4x | 3.1x |
| Wed, 01 Oct 2025 | د.إ301.6b | د.إ99.1b | د.إ36.8b | 10.5x | 8.2x | 3x |
| Fri, 29 Aug 2025 | د.إ325.1b | د.إ97.2b | د.إ33.0b | 12.3x | 9.8x | 3.3x |
| Sun, 27 Jul 2025 | د.إ328.5b | د.إ91.3b | د.إ30.9b | 11x | 10.6x | 3.6x |
| Tue, 24 Jun 2025 | د.إ273.3b | د.إ91.3b | د.إ30.7b | 8.8x | 8.9x | 3x |
| Thu, 22 May 2025 | د.إ269.2b | د.إ91.3b | د.إ30.7b | 8.2x | 8.8x | 2.9x |
| Sat, 19 Apr 2025 | د.إ255.7b | د.إ83.9b | د.إ28.5b | 8.3x | 9x | 3x |
| Mon, 17 Mar 2025 | د.إ271.1b | د.إ83.9b | د.إ28.4b | 8.6x | 9.6x | 3.2x |
| Wed, 12 Feb 2025 | د.إ288.5b | د.إ78.4b | د.إ26.8b | 9.2x | 10.8x | 3.7x |
| Fri, 10 Jan 2025 | د.إ267.6b | د.إ76.1b | د.إ26.2b | 8.7x | 10.2x | 3.5x |
| Sun, 08 Dec 2024 | د.إ228.1b | د.إ76.1b | د.إ26.2b | 8x | 8.7x | 3x |
| Tue, 05 Nov 2024 | د.إ209.2b | د.إ70.4b | د.إ26.0b | 6.4x | 8x | 3x |
| Thu, 03 Oct 2024 | د.إ206.2b | د.إ68.2b | د.إ25.6b | 6.3x | 8x | 3x |
| Sat, 31 Aug 2024 | د.إ201.1b | د.إ68.2b | د.إ25.6b | 6.2x | 7.8x | 2.9x |
| Mon, 29 Jul 2024 | د.إ200.7b | د.إ62.5b | د.إ24.4b | 6.8x | 8.2x | 3.2x |
| Wed, 26 Jun 2024 | د.إ179.4b | د.إ62.5b | د.إ24.4b | 6.6x | 7.4x | 2.9x |
| Fri, 24 May 2024 | د.إ178.8b | د.إ62.5b | د.إ24.4b | 7x | 7.3x | 2.9x |
| Sun, 21 Apr 2024 | د.إ182.6b | د.إ58.3b | د.إ24.1b | 8.1x | 7.6x | 3.1x |
| Tue, 19 Mar 2024 | د.إ184.8b | د.إ58.3b | د.إ24.6b | 7.8x | 7.5x | 3.2x |
| Thu, 15 Feb 2024 | د.إ173.2b | د.إ58.1b | د.إ23.9b | 11.8x | 7.3x | 3x |
| Sat, 13 Jan 2024 | د.إ171.9b | د.إ51.7b | د.إ19.2b | 13.9x | 9x | 3.3x |
| Mon, 11 Dec 2023 | د.إ164.6b | د.إ51.7b | د.إ19.2b | 13.4x | 8.6x | 3.2x |
| Wed, 08 Nov 2023 | د.إ164.1b | د.إ50.0b | د.إ16.6b | 10.7x | 9.9x | 3.3x |
| Fri, 06 Oct 2023 | د.إ181.6b | د.إ49.1b | د.إ16.2b | 11.5x | 11.2x | 3.7x |
| Sun, 03 Sep 2023 | د.إ163.0b | د.إ49.1b | د.إ16.2b | 10.8x | 10.1x | 3.3x |
| Tue, 01 Aug 2023 | د.إ158.6b | د.إ50.8b | د.إ16.1b | 11.6x | 9.9x | 3.1x |
Price to Earnings Ratio
9.9x
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 8.4x.
- 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 35% 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 | 0.27% | |
| Real Estate | -0.19% | |
| Residential REITs | 0% | 0 |
| REITS | -0.10% | |
| Real Estate | -0.26% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 8.5x.
- Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 34.1% per year.
- Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 2.2x.
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 34% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 8.3% 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 | |
|---|---|---|---|---|---|
| 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 |