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Emirati (ADX) Real Estate Industry Analysis

UpdatedJun 12, 2024
DataAggregated Company Financials
Companies13
  • 7D3.8%
  • 3M-3.7%
  • 1Y21.6%
  • YTD1.5%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by a pullback from Emaar Development PJSC of 1.2%. On the other hand Aldar Properties PJSC is actually up 6.8%. In the past year, the industry has gained 18%. Looking forward, earnings are forecast to grow by 5.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Jun 2024د.إ174.9bد.إ62.4bد.إ24.2b10.3x7.2x2.8x
Fri, 10 May 2024د.إ184.3bد.إ60.8bد.إ24.5b7.8x7.5x3x
Sun, 07 Apr 2024د.إ185.7bد.إ58.2bد.إ23.9b9.7x7.8x3.2x
Tue, 05 Mar 2024د.إ182.6bد.إ58.2bد.إ23.7b12.5x7.7x3.1x
Thu, 01 Feb 2024د.إ166.0bد.إ51.7bد.إ19.2b15.4x8.6x3.2x
Sat, 30 Dec 2023د.إ173.0bد.إ51.6bد.إ19.1b15.9x9.1x3.4x
Mon, 27 Nov 2023د.إ166.0bد.إ51.6bد.إ19.1b15.7x8.7x3.2x
Wed, 25 Oct 2023د.إ147.4bد.إ49.0bد.إ16.1b12x9.1x3x
Fri, 22 Sep 2023د.إ177.5bد.إ49.0bد.إ16.1b14.6x11x3.6x
Sun, 20 Aug 2023د.إ157.7bد.إ49.0bد.إ16.1b14.2x9.8x3.2x
Tue, 18 Jul 2023د.إ160.6bد.إ50.7bد.إ16.0b13.6x10x3.2x
Thu, 15 Jun 2023د.إ146.5bد.إ50.7bد.إ16.0b14.6x9.2x2.9x
Sat, 13 May 2023د.إ146.5bد.إ50.5bد.إ16.0b15.3x9.2x2.9x
Mon, 10 Apr 2023د.إ138.1bد.إ51.5bد.إ14.9b15.1x9.3x2.7x
Wed, 08 Mar 2023د.إ138.7bد.إ51.3bد.إ13.9b12.5x10x2.7x
Fri, 03 Feb 2023د.إ130.0bد.إ55.2bد.إ13.9b13.7x9.4x2.4x
Sun, 01 Jan 2023د.إ132.3bد.إ55.0bد.إ13.8b14.4x9.6x2.4x
Tue, 29 Nov 2022د.إ129.5bد.إ55.0bد.إ13.6b14.7x9.5x2.4x
Thu, 27 Oct 2022د.إ130.1bد.إ55.8bد.إ12.2b13.7x10.6x2.3x
Sat, 24 Sep 2022د.إ134.7bد.إ55.8bد.إ12.2b14.2x11x2.4x
Mon, 22 Aug 2022د.إ134.4bد.إ55.8bد.إ12.2b13.9x11x2.4x
Wed, 20 Jul 2022د.إ122.0bد.إ55.0bد.إ10.4b14.7x11.7x2.2x
Fri, 17 Jun 2022د.إ124.4bد.إ57.9bد.إ9.9b15.4x12.6x2.1x
Sun, 15 May 2022د.إ131.6bد.إ58.2bد.إ9.6b16.7x13.7x2.3x
Tue, 12 Apr 2022د.إ134.1bد.إ56.9bد.إ8.0b15.4x16.8x2.4x
Thu, 10 Mar 2022د.إ153.2bد.إ61.6bد.إ9.9b14.7x15.4x2.5x
Sat, 05 Feb 2022د.إ148.4bد.إ59.5bد.إ8.4b13.4x17.7x2.5x
Mon, 03 Jan 2022د.إ148.8bد.إ59.5bد.إ8.4b13.3x17.7x2.5x
Wed, 01 Dec 2021د.إ147.9bد.إ59.5bد.إ8.4b13.1x17.6x2.5x
Fri, 29 Oct 2021د.إ124.7bد.إ54.9bد.إ7.1b11.6x17.7x2.3x
Sun, 26 Sep 2021د.إ124.8bد.إ54.9bد.إ7.1b11.8x17.7x2.3x
Tue, 24 Aug 2021د.إ125.9bد.إ54.9bد.إ7.1b12.1x17.8x2.3x
Wed, 30 Jun 2021د.إ121.8bد.إ54.9bد.إ7.1b12x17.3x2.2x
Price to Earnings Ratio

17.3x


Total Market Cap: د.إ121.8bTotal Earnings: د.إ7.1bTotal Revenue: د.إ54.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Real Estate Industry Price to Earnings3Y Average 12x202220232024
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 7.1x which is lower than its 3-year average PE of 12.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 51% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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 Market1.29%
Real Estate3.74%
Real Estate3.76%
Diversified Real Estate6.13%
Real Estate Development3.37%
Real Estate Services0%
Real Estate Operating Companies-0.58%
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 4.5%, which is lower than the prior year's growth of 16.9% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 16% 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
ALDAR Aldar Properties PJSCد.إ5.806.4%
+د.إ2.8b
13.7%PE10.3x
EMAAR Emaar Properties PJSCد.إ7.734.0%
+د.إ2.7b
27.1%PE6x
EMAARDEV Emaar Development PJSCد.إ7.593.7%
+د.إ1.1b
41.9%PE4.4x
MANAZEL Manazel PJSCد.إ0.3710.8%
+د.إ93.6m
-4.1%PS2.8x
ESHRAQ Eshraq Investments PJSCد.إ0.323.9%
+د.إ32.2m
-44.5%PS35.7x
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Latest News

ESHRAQ

د.إ0.32

Eshraq Investments PJSC

7D

3.9%

1Y

-44.5%

EMAARDEV

د.إ7.59

Emaar Development PJSC

7D

3.7%

1Y

41.9%

RAPCO

د.إ1.60

RAPCO Investment PJSC

7D

10.3%

1Y

-14.4%

ARAM

د.إ2.95

ARAM Group Company P.J.S.C

7D

0.3%

1Y

47.5%

DEYAAR

د.إ0.70

Deyaar Development PJSC

7D

-0.8%

1Y

7.8%

UPP

د.إ0.36

Union Properties

7D

-1.6%

1Y

18.8%

RAKPROP

د.إ1.12

RAK Properties PJSC

7D

-2.6%

1Y

49.9%

TECOM

د.إ2.80

TECOM Group PJSC

7D

-0.7%

1Y

15.7%

ALDAR

د.إ5.80

Aldar Properties PJSC

7D

6.4%

1Y

13.7%