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Emirati (ADX) Real Estate Industry Analysis

UpdatedMay 29, 2023
DataAggregated Company Financials
Companies12
  • 7D-1.4%
  • 3M9.0%
  • 1Y7.1%
  • YTD7.2%

In the last week, the Real Estate industry is down 1.4% with Aldar Properties PJSC down the most at 1.3%. On the other hand Eshraq Investments PJSC is actually up 7.3%. Over the past 12 months, the industry was up 7.1%. As for the next few years, earnings are expected to grow by 4.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 May 2023د.إ142.6bد.إ50.7bد.إ16.0b14.4x8.9x2.8x
Wed, 26 Apr 2023د.إ148.3bد.إ51.5bد.إ14.9b15.2x9.9x2.9x
Fri, 24 Mar 2023د.إ135.4bد.إ51.5bد.إ14.9b13.3x9.1x2.6x
Sun, 19 Feb 2023د.إ135.2bد.إ51.3bد.إ13.8b12.7x9.8x2.6x
Tue, 17 Jan 2023د.إ132.2bد.إ55.0bد.إ13.8b14.3x9.6x2.4x
Thu, 15 Dec 2022د.إ128.2bد.إ55.0bد.إ13.6b14.3x9.4x2.3x
Sat, 12 Nov 2022د.إ135.9bد.إ56.3bد.إ12.2b21.7x11.1x2.4x
Mon, 10 Oct 2022د.إ129.6bد.إ55.8bد.إ12.2b13.8x10.6x2.3x
Wed, 07 Sep 2022د.إ134.3bد.إ55.8bد.إ12.2b14.7x11x2.4x
Fri, 05 Aug 2022د.إ127.7bد.إ55.5bد.إ10.7b13.9x12x2.3x
Sun, 03 Jul 2022د.إ110.5bد.إ55.0bد.إ10.4b14.3x10.6x2x
Tue, 31 May 2022د.إ129.4bد.إ57.9bد.إ9.9b16.7x13.1x2.2x
Thu, 28 Apr 2022د.إ142.4bد.إ56.9bد.إ8.0b16.4x17.9x2.5x
Sat, 26 Mar 2022د.إ158.4bد.إ61.6bد.إ9.9b16.6x16x2.6x
Mon, 21 Feb 2022د.إ152.3bد.إ60.1bد.إ9.2b13.8x16.6x2.5x
Wed, 19 Jan 2022د.إ149.4bد.إ59.5bد.إ8.4b13.5x17.8x2.5x
Fri, 17 Dec 2021د.إ151.9bد.إ59.5bد.إ8.4b13.7x18.1x2.6x
Sun, 14 Nov 2021د.إ140.3bد.إ55.3bد.إ7.4b13.9x19x2.5x
Tue, 12 Oct 2021د.إ123.3bد.إ54.9bد.إ7.1b11.5x17.5x2.2x
Thu, 09 Sep 2021د.إ127.6bد.إ54.9bد.إ7.1b12.1x18.1x2.3x
Sat, 07 Aug 2021د.إ123.3bد.إ54.9bد.إ7.1b11.8x17.5x2.2x
Fri, 30 Apr 2021د.إ108.8bد.إ48.8bد.إ6.2b10x17.4x2.2x
Mon, 01 Feb 2021د.إ109.3bد.إ47.6bد.إ5.7b10.2x19.3x2.3x
Thu, 05 Nov 2020د.إ87.6bد.إ48.3bد.إ7.8b9.6x11.2x1.8x
Sun, 09 Aug 2020د.إ75.2bد.إ50.7bد.إ9.3b7.8x8.1x1.5x
Price to Earnings Ratio

6.6x


Total Market Cap: د.إ71.9bTotal Earnings: د.إ10.9bTotal Revenue: د.إ55.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Real Estate Industry Price to Earnings3Y Average 13.6x202120222023
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 8.9x which is lower than its 3-year average PE of 13.6x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

AE Market-0.31%
Real Estate-1.40%
Real Estate-1.41%
Real Estate Services0%
Real Estate Development-1.05%
Diversified Real Estate-1.29%
Real Estate Operating Companies-4.40%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 12.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 8.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 19% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings grow by 2.6% 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
ESHRAQ Eshraq Investments PJSCد.إ0.587.3%
+د.إ110.0m		-9.7%PE3x
UPP Union Propertiesد.إ0.280.7%
+د.إ8.6m		7.2%PE22.1x
MANAZEL Manazel PJSCد.إ0.380.3%
+د.إ2.6m		-7.8%PS6.7x
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Latest News

DEYAAR

د.إ0.67

Deyaar Development PJSC

7D

-0.9%

1Y

24.7%

EMAARDEV

د.إ5.17

Emaar Development PJSC

7D

-2.3%

1Y

15.9%

UPP

د.إ0.28

Union Properties

7D

0.7%

1Y

7.2%

EMAAR

د.إ5.89

Emaar Properties PJSC

7D

-1.0%

1Y

7.9%

ESHRAQ

د.إ0.58

Eshraq Investments PJSC

7D

7.3%

1Y

-9.7%

TECOM

د.إ2.34

TECOM Group PJSC

7D

-4.5%

1Y

n/a

Need To Know: Analysts Are Much More Bullish On TECOM Group PJSC (DFM:TECOM) Revenues

May 08
Need To Know: Analysts Are Much More Bullish On TECOM Group PJSC (DFM:TECOM) Revenues

ALDAR

د.إ5.13

Aldar Properties PJSC

7D

-1.3%

1Y

4.3%

RAKPROP

د.إ0.70

RAK Properties PJSC

7D

-1.5%

1Y

3.2%

MANAZEL

د.إ0.38

Manazel PJSC

7D

0.3%

1Y

-7.8%