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Emirati (ADX) Real Estate Industry Analysis

UpdatedJun 03, 2024
DataAggregated Company Financials
Companies13
  • 7D-2.1%
  • 3M-5.1%
  • 1Y19.5%
  • YTD-0.6%

Over the last 7 days, the Real Estate industry has dropped 2.1%, driven by pullbacks in Aldar Properties PJSC and Emaar Properties PJSC of 3.7% and 2.0%, respectively. Meanwhile, Manazel PJSC actually outperformed within the industry, gaining 8.7% in the last week. This takes the industry's 12 month performance to a gain of 19%. Earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 03 Jun 2024د.إ173.4bد.إ62.4bد.إ24.2b9.4x7.2x2.8x
Wed, 01 May 2024د.إ182.3bد.إ60.7bد.إ24.5b8.8x7.4x3x
Fri, 29 Mar 2024د.إ181.3bد.إ58.2bد.إ23.9b9.7x7.6x3.1x
Sun, 25 Feb 2024د.إ175.6bد.إ58.2bد.إ23.7b12.9x7.4x3x
Tue, 23 Jan 2024د.إ165.4bد.إ51.6bد.إ19.1b15.8x8.7x3.2x
Thu, 21 Dec 2023د.إ170.3bد.إ51.6bد.إ19.1b15.3x8.9x3.3x
Sat, 18 Nov 2023د.إ165.5bد.إ51.6bد.إ19.1b13.9x8.7x3.2x
Mon, 16 Oct 2023د.إ164.6bد.إ49.0bد.إ16.1b13.1x10.2x3.4x
Wed, 13 Sep 2023د.إ163.9bد.إ49.0bد.إ16.1b14.2x10.2x3.3x
Fri, 11 Aug 2023د.إ159.7bد.إ51.6bد.إ16.5b12.9x9.7x3.1x
Sun, 09 Jul 2023د.إ159.7bد.إ50.7bد.إ16.0b14.1x10x3.2x
Tue, 06 Jun 2023د.إ145.3bد.إ50.7bد.إ16.0b14.7x9.1x2.9x
Thu, 04 May 2023د.إ145.0bد.إ51.5bد.إ14.9b16x9.7x2.8x
Sat, 01 Apr 2023د.إ136.1bد.إ51.5bد.إ14.9b13.6x9.1x2.6x
Mon, 27 Feb 2023د.إ130.8bد.إ51.3bد.إ13.9b12.5x9.4x2.5x
Wed, 25 Jan 2023د.إ134.6bد.إ55.0bد.إ13.8b15x9.7x2.4x
Fri, 23 Dec 2022د.إ129.1bد.إ55.0bد.إ13.6b14.4x9.5x2.3x
Sun, 20 Nov 2022د.إ132.0bد.إ53.1bد.إ12.9b12.7x10.2x2.5x
Tue, 18 Oct 2022د.إ131.6bد.إ55.8bد.إ12.2b13.7x10.7x2.4x
Thu, 15 Sep 2022د.إ135.5bد.إ55.8bد.إ12.2b14.7x11.1x2.4x
Sat, 13 Aug 2022د.إ131.5bد.إ55.5bد.إ10.7b14x12.3x2.4x
Mon, 11 Jul 2022د.إ120.1bد.إ55.0bد.إ10.4b14x11.5x2.2x
Wed, 08 Jun 2022د.إ129.7bد.إ57.9bد.إ9.9b16.7x13.1x2.2x
Fri, 06 May 2022د.إ144.3bد.إ57.5bد.إ8.1b16.1x17.9x2.5x
Sun, 03 Apr 2022د.إ130.8bد.إ56.9bد.إ8.0b14.7x16.4x2.3x
Tue, 01 Mar 2022د.إ151.2bد.إ61.6bد.إ9.8b12.6x15.4x2.5x
Thu, 27 Jan 2022د.إ148.1bد.إ59.5bد.إ8.4b13.5x17.6x2.5x
Sat, 25 Dec 2021د.إ147.5bد.إ59.5bد.إ8.4b13.1x17.6x2.5x
Mon, 22 Nov 2021د.إ147.6bد.إ59.3bد.إ8.9b11.7x16.5x2.5x
Wed, 20 Oct 2021د.إ122.8bد.إ54.9bد.إ7.1b11.4x17.4x2.2x
Fri, 17 Sep 2021د.إ127.6bد.إ54.9bد.إ7.1b12.1x18.1x2.3x
Sun, 15 Aug 2021د.إ122.8bد.إ54.9bد.إ7.1b11.7x17.4x2.2x
Thu, 10 Jun 2021د.إ117.4bد.إ48.8bد.إ6.2b10.6x18.8x2.4x
Price to Earnings Ratio

18.8x


Total Market Cap: د.إ117.4bTotal Earnings: د.إ6.2bTotal Revenue: د.إ48.8bTotal 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 7.2x 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 57% per year over the last three years.
  • Revenues for these companies have grown 8.5% 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-0.29%
Real Estate-2.07%
Real Estate-2.08%
Real Estate Services0%
Real Estate Operating Companies-0.01%
Real Estate Development-1.73%
Diversified Real Estate-3.60%
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 10.5x.
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
MANAZEL Manazel PJSCد.إ0.358.7%
+د.إ72.8m		-3.3%PS2.6x
TECOM TECOM Group PJSCد.إ2.790.4%
+د.إ50.0m		16.7%PE12.5x
ESHRAQ Eshraq Investments PJSCد.إ0.326.0%
+د.إ48.3m		-41.4%PS35.8x
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Latest News

ESHRAQ

د.إ0.32

Eshraq Investments PJSC

7D

6.0%

1Y

-41.4%

EMAARDEV

د.إ7.42

Emaar Development PJSC

7D

-1.7%

1Y

39.5%

MANAZEL

د.إ0.35

Manazel PJSC

7D

8.7%

1Y

-3.3%

KICO

د.إ2.20

Al Khaleej Investment P.J.S.C

7D

-15.4%

1Y

129.2%

RAPCO

د.إ1.45

RAPCO Investment PJSC

7D

-14.2%

1Y

-20.8%

EMAAR

د.إ7.66

Emaar Properties PJSC

7D

-2.0%

1Y

25.6%

Potential Upside For Emaar Properties PJSC (DFM:EMAAR) Not Without Risk

May 23
Potential Upside For Emaar Properties PJSC (DFM:EMAAR) Not Without Risk

DEYAAR

د.إ0.70

Deyaar Development PJSC

7D

-4.0%

1Y

6.9%

UPP

د.إ0.37

Union Properties

7D

-1.6%

1Y

37.8%

RAKPROP

د.إ1.14

RAK Properties PJSC

7D

-2.6%

1Y

67.5%

TECOM

د.إ2.79

TECOM Group PJSC

7D

0.4%

1Y

16.7%

ALDAR

د.إ5.50

Aldar Properties PJSC

7D

-3.7%

1Y

7.2%