Analysis Article • May 23
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Emirati (ADX) Real Estate Industry Analysis
UpdatedJun 17, 2026
DataAggregated Company Financials
Companies11
- 7D8.3%
- 3M3.3%
- 1Y4.1%
- YTD-8.8%
Over the last 7 days, the Real Estate industry has risen 8.3%, driven by gains from Emaar Properties PJSC of 9.6%. This takes the industry's 12 month performance to a gain of 4.1%. Earnings are forecast to grow by 6.5% annually.
Industry Valuation and Performance
Has the Emirati Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Jun 2026 | د.إ261.1b | د.إ123.1b | د.إ42.4b | 8.1x | 6.2x | 2.1x |
| Sat, 16 May 2026 | د.إ249.8b | د.إ123.1b | د.إ42.4b | 8.3x | 5.9x | 2x |
| Mon, 13 Apr 2026 | د.إ254.6b | د.إ118.1b | د.إ39.7b | 8.5x | 6.4x | 2.2x |
| Wed, 11 Mar 2026 | د.إ270.8b | د.إ117.7b | د.إ39.2b | 8.4x | 6.9x | 2.3x |
| Fri, 06 Feb 2026 | د.إ330.8b | د.إ105.8b | د.إ35.9b | 10.1x | 9.2x | 3.1x |
| Sun, 04 Jan 2026 | د.إ286.1b | د.إ105.7b | د.إ35.3b | 10.5x | 8.1x | 2.7x |
| Tue, 02 Dec 2025 | د.إ273.1b | د.إ105.7b | د.إ35.3b | 9.9x | 7.7x | 2.6x |
| Thu, 30 Oct 2025 | د.إ302.1b | د.إ99.0b | د.إ32.8b | 11.4x | 9.2x | 3.1x |
| Sat, 27 Sep 2025 | د.إ286.2b | د.إ97.0b | د.إ32.6b | 11.8x | 8.8x | 2.9x |
| Mon, 25 Aug 2025 | د.إ311.3b | د.إ97.0b | د.إ32.6b | 12.4x | 9.5x | 3.2x |
| Wed, 23 Jul 2025 | د.إ299.5b | د.إ91.1b | د.إ30.4b | 13x | 9.8x | 3.3x |
| Fri, 20 Jun 2025 | د.إ243.7b | د.إ91.1b | د.إ30.4b | 9.7x | 8x | 2.7x |
| Sun, 18 May 2025 | د.إ274.4b | د.إ91.1b | د.إ30.4b | 8.8x | 9x | 3x |
| Tue, 15 Apr 2025 | د.إ252.8b | د.إ83.7b | د.إ28.3b | 8.5x | 8.9x | 3x |
| Thu, 13 Mar 2025 | د.إ272.0b | د.إ83.7b | د.إ28.2b | 9.2x | 9.6x | 3.2x |
| Sat, 08 Feb 2025 | د.إ272.4b | د.إ76.0b | د.إ26.0b | 10.1x | 10.5x | 3.6x |
| Mon, 06 Jan 2025 | د.إ262.6b | د.إ75.9b | د.إ26.0b | 9.3x | 10.1x | 3.5x |
| Wed, 04 Dec 2024 | د.إ226.3b | د.إ75.9b | د.إ26.0b | 9.7x | 8.7x | 3x |
| Fri, 01 Nov 2024 | د.إ212.1b | د.إ70.2b | د.إ25.8b | 11.9x | 8.2x | 3x |
| Sun, 29 Sep 2024 | د.إ208.3b | د.إ68.1b | د.إ25.5b | 11.5x | 8.2x | 3.1x |
| Tue, 27 Aug 2024 | د.إ199.2b | د.إ68.1b | د.إ25.5b | 11.3x | 7.8x | 2.9x |
| Thu, 25 Jul 2024 | د.إ197.7b | د.إ62.4b | د.إ24.2b | 12x | 8.2x | 3.2x |
| Sat, 22 Jun 2024 | د.إ180.3b | د.إ62.4b | د.إ24.2b | 9.3x | 7.4x | 2.9x |
| Mon, 20 May 2024 | د.إ175.2b | د.إ62.4b | د.إ24.2b | 9.1x | 7.2x | 2.8x |
| Wed, 17 Apr 2024 | د.إ186.1b | د.إ58.2b | د.إ23.9b | 9x | 7.8x | 3.2x |
| Fri, 15 Mar 2024 | د.إ185.9b | د.إ58.2b | د.إ24.4b | 11.9x | 7.6x | 3.2x |
| Sun, 11 Feb 2024 | د.إ169.8b | د.إ55.4b | د.إ21.4b | 14.2x | 7.9x | 3.1x |
| Tue, 09 Jan 2024 | د.إ173.0b | د.إ51.6b | د.إ19.1b | 16.3x | 9.1x | 3.4x |
| Thu, 07 Dec 2023 | د.إ167.0b | د.إ51.6b | د.إ19.1b | 15.7x | 8.8x | 3.2x |
| Sat, 04 Nov 2023 | د.إ160.9b | د.إ49.8b | د.إ16.5b | 12.9x | 9.8x | 3.2x |
| Mon, 02 Oct 2023 | د.إ177.1b | د.إ49.0b | د.إ16.1b | 14.4x | 11x | 3.6x |
| Wed, 30 Aug 2023 | د.إ161.9b | د.إ49.0b | د.إ16.1b | 14.3x | 10x | 3.3x |
| Fri, 28 Jul 2023 | د.إ157.8b | د.إ50.7b | د.إ16.0b | 13.4x | 9.9x | 3.1x |
| Sun, 25 Jun 2023 | د.إ151.8b | د.إ50.7b | د.إ16.0b | 14.6x | 9.5x | 3x |
Price to Earnings Ratio
9.5x
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 6.2x which is lower than its 3-year average PE of 8.6x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 34% 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 industry?
| AE Market | 4.95% | |
| Real Estate | 7.98% | |
| Real Estate | 8.33% | |
| Diversified Real Estate | 10.19% | |
| Real Estate Development | 8.19% | |
| Real Estate Operating Companies | 3.37% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 13.0x.
- Analysts are expecting annual earnings decline of 0.5%, which is lower than the prior year's growth of 20.0% per year.
- Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 7.7x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| EMAAR Emaar Properties PJSC | د.إ12.72 | 15.0% +د.إ14.7b | 2.6% | PE6x | |
| ALDAR Aldar Properties PJSC | د.إ8.49 | 16.0% +د.إ9.2b | 10.0% | PE8.4x | |
| EMAARDEV Emaar Development PJSC | د.إ14.82 | 9.3% +د.إ5.0b | 23.5% | PE4.8x | |
| TECOM TECOM Group PJSC | د.إ3.43 | 3.6% +د.إ600.0m | 11.7% | PE8.1x | |
| RAKPROP RAK Properties PJSC | د.إ1.04 | 10.6% +د.إ299.6m | -16.1% | PE8.3x |