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Emirati (ADX) Real Estate Industry Analysis

UpdatedMar 24, 2024
DataAggregated Company Financials
Companies12
  • 7D1.8%
  • 3M10.0%
  • 1Y40.5%
  • YTD7.0%

Emaar Properties PJSC is up 1.9%, leading the way for the Real Estate industry, which has gained 1.8%. This means that the industry has gained 40% over the past year. Looking forward, earnings are forecast to grow by 2.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Mar 2024د.إ186.5bد.إ58.2bد.إ23.9b10x7.8x3.2x
Tue, 20 Feb 2024د.إ177.5bد.إ58.2bد.إ23.7b13.3x7.5x3.1x
Thu, 18 Jan 2024د.إ168.1bد.إ51.6bد.إ19.1b15.8x8.8x3.3x
Sat, 16 Dec 2023د.إ168.4bد.إ51.6bد.إ19.1b15.4x8.8x3.3x
Mon, 13 Nov 2023د.إ165.5bد.إ51.5bد.إ19.0b14.7x8.7x3.2x
Wed, 11 Oct 2023د.إ172.4bد.إ49.0bد.إ16.1b14x10.7x3.5x
Fri, 08 Sep 2023د.إ161.9bد.إ49.0bد.إ16.1b13.9x10x3.3x
Sun, 06 Aug 2023د.إ162.2bد.إ51.6bد.إ16.4b13x9.9x3.1x
Tue, 04 Jul 2023د.إ155.2bد.إ50.7bد.إ16.0b14.9x9.7x3.1x
Thu, 01 Jun 2023د.إ145.0bد.إ50.7bد.إ16.0b14.6x9.1x2.9x
Sat, 29 Apr 2023د.إ145.7bد.إ51.5bد.إ14.9b15.4x9.8x2.8x
Mon, 27 Mar 2023د.إ132.8bد.إ51.5bد.إ14.9b13.2x8.9x2.6x
Wed, 22 Feb 2023د.إ134.2bد.إ51.3bد.إ13.9b12.4x9.7x2.6x
Fri, 20 Jan 2023د.إ132.1bد.إ55.0bد.إ13.8b14.6x9.6x2.4x
Sun, 18 Dec 2022د.إ127.7bد.إ55.0bد.إ13.6b14.5x9.4x2.3x
Tue, 15 Nov 2022د.إ135.0bد.إ56.3bد.إ12.7b13.3x10.6x2.4x
Thu, 13 Oct 2022د.إ125.9bد.إ55.8bد.إ12.2b13.4x10.3x2.3x
Sat, 10 Sep 2022د.إ132.3bد.إ55.8bد.إ12.2b14.8x10.8x2.4x
Mon, 08 Aug 2022د.إ127.8bد.إ55.5bد.إ10.7b13.9x12x2.3x
Wed, 06 Jul 2022د.إ107.0bد.إ55.0bد.إ10.4b13.7x10.3x1.9x
Fri, 03 Jun 2022د.إ131.6bد.إ57.9bد.إ9.9b16.8x13.3x2.3x
Sun, 01 May 2022د.إ143.4bد.إ56.9bد.إ8.0b16.5x18x2.5x
Tue, 29 Mar 2022د.إ129.7bد.إ56.9bد.إ8.0b14.8x16.2x2.3x
Thu, 24 Feb 2022د.إ152.1bد.إ60.1bد.إ9.2b13.8x16.6x2.5x
Sat, 22 Jan 2022د.إ149.6bد.إ59.5bد.إ8.4b13.5x17.8x2.5x
Mon, 20 Dec 2021د.إ148.2bد.إ59.5bد.إ8.4b13.3x17.7x2.5x
Wed, 17 Nov 2021د.إ146.0bد.إ56.9bد.إ7.9b14.3x18.4x2.6x
Fri, 15 Oct 2021د.إ121.7bد.إ54.9bد.إ7.1b11.3x17.2x2.2x
Sun, 12 Sep 2021د.إ127.0bد.إ54.9bد.إ7.1b12x18x2.3x
Tue, 10 Aug 2021د.إ122.3bد.إ54.9bد.إ7.1b11.6x17.3x2.2x
Mon, 03 May 2021د.إ108.8bد.إ48.8bد.إ6.2b10x17.4x2.2x
Price to Earnings Ratio

17.1x


Total Market Cap: د.إ106.5bTotal Earnings: د.إ6.2bTotal Revenue: د.إ48.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Real Estate Industry Price to Earnings3Y Average 12.8x202220232024
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 7.8x which is lower than its 3-year average PE of 12.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 56% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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 Market0.88%
Real Estate1.81%
Real Estate1.81%
Real Estate Development2.37%
Diversified Real Estate1.47%
Real Estate Services0%
Real Estate Operating Companies-1.74%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 3.8%, which is higher than its past year's earnings decline of 7.9% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 11.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 7.6% over the next 5 years.
  • In contrast, the Real Estate Development 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?

CompanyLast Price7D1YValuation
EMAAR Emaar Properties PJSCد.إ8.381.9%
+د.إ1.4b
54.3%PE6.4x
EMAARDEV Emaar Development PJSCد.إ8.454.1%
+د.إ1.3b
56.8%PE5.1x
ALDAR Aldar Properties PJSCد.إ5.771.4%
+د.إ629.0m
26.5%PE11.9x
DEYAAR Deyaar Development PJSCد.إ0.824.2%
+د.إ144.4m
77.4%PE8.1x
UPP Union Propertiesد.إ0.413.0%
+د.إ51.5m
98.1%PE2.1x
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Latest News

ESHRAQ

د.إ0.28

Eshraq Investments PJSC

7D

-1.1%

1Y

-37.6%

UPP

د.إ0.41

Union Properties

7D

3.0%

1Y

98.1%

ARAM

د.إ2.96

ARAM Group Company P.J.S.C

7D

-1.3%

1Y

69.1%

EMAAR

د.إ8.38

Emaar Properties PJSC

7D

1.9%

1Y

54.3%

DEYAAR

د.إ0.82

Deyaar Development PJSC

7D

4.2%

1Y

77.4%

ALDAR

د.إ5.77

Aldar Properties PJSC

7D

1.4%

1Y

26.5%

RAKPROP

د.إ1.34

RAK Properties PJSC

7D

1.5%

1Y

131.4%

MANAZEL

د.إ0.30

Manazel PJSC

7D

-2.3%

1Y

-13.1%

EMAARDEV

د.إ8.45

Emaar Development PJSC

7D

4.1%

1Y

56.8%

KICO

د.إ2.51

Al Khaleej Investment P.J.S.C

7D

-16.3%

1Y

151.0%

TECOM

د.إ2.77

TECOM Group PJSC

7D

-1.4%

1Y

19.9%