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Emirati (ADX) Real Estate Industry Analysis

UpdatedJun 21, 2024
DataAggregated Company Financials
Companies13
  • 7D1.4%
  • 3M-4.1%
  • 1Y18.5%
  • YTD2.7%

In the last week, the Real Estate industry is up 1.3%, with Aldar Properties PJSC up 3.4%. This means that the industry has gained 18% over the past year. 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
Fri, 21 Jun 2024د.إ179.1bد.إ62.4bد.إ24.2b9.3x7.4x2.9x
Sun, 19 May 2024د.إ175.2bد.إ62.4bد.إ24.2b9.1x7.2x2.8x
Tue, 16 Apr 2024د.إ186.1bد.إ58.2bد.إ23.9b9x7.8x3.2x
Thu, 14 Mar 2024د.إ183.9bد.إ58.2bد.إ24.4b11.8x7.5x3.2x
Sat, 10 Feb 2024د.إ169.8bد.إ51.8bد.إ19.4b14.2x8.7x3.3x
Mon, 08 Jan 2024د.إ171.0bد.إ51.6bد.إ19.1b16.2x9x3.3x
Wed, 06 Dec 2023د.إ168.3bد.إ51.6bد.إ19.1b15.7x8.8x3.3x
Fri, 03 Nov 2023د.إ161.0bد.إ49.8bد.إ16.5b13x9.8x3.2x
Sun, 01 Oct 2023د.إ177.1bد.إ49.0bد.إ16.1b14.4x11x3.6x
Tue, 29 Aug 2023د.إ161.4bد.إ49.0bد.إ16.1b14.3x10x3.3x
Thu, 27 Jul 2023د.إ158.0bد.إ50.7bد.إ16.0b13.8x9.9x3.1x
Sat, 24 Jun 2023د.إ151.8bد.إ50.7bد.إ16.0b14.6x9.5x3x
Mon, 22 May 2023د.إ144.6bد.إ50.7bد.إ16.0b14.8x9x2.9x
Wed, 19 Apr 2023د.إ147.3bد.إ51.5bد.إ14.9b15.3x9.9x2.9x
Fri, 17 Mar 2023د.إ131.7bد.إ51.5bد.إ14.9b13.1x8.8x2.6x
Sun, 12 Feb 2023د.إ135.7bد.إ56.1bد.إ14.1b14.5x9.6x2.4x
Tue, 10 Jan 2023د.إ132.2bد.إ55.0bد.إ13.8b14.5x9.6x2.4x
Thu, 08 Dec 2022د.إ131.3bد.إ55.0bد.إ13.6b14.5x9.6x2.4x
Sat, 05 Nov 2022د.إ129.1bد.إ56.4bد.إ12.3b14.2x10.5x2.3x
Mon, 03 Oct 2022د.إ126.9bد.إ55.8bد.إ12.2b14.1x10.4x2.3x
Wed, 31 Aug 2022د.إ138.6bد.إ55.8bد.إ12.2b14.6x11.3x2.5x
Fri, 29 Jul 2022د.إ126.6bد.إ55.0bد.إ10.4b15.3x12.2x2.3x
Sun, 26 Jun 2022د.إ109.2bد.إ55.0bد.إ10.4b14x10.5x2x
Tue, 24 May 2022د.إ130.3bد.إ57.9bد.إ9.9b16.3x13.2x2.2x
Thu, 21 Apr 2022د.إ139.0bد.إ56.9bد.إ8.0b15.5x17.4x2.4x
Sat, 19 Mar 2022د.إ159.0bد.إ61.6bد.إ9.9b15.9x16x2.6x
Mon, 14 Feb 2022د.إ150.5bد.إ59.2bد.إ8.7b14.2x17.3x2.5x
Wed, 12 Jan 2022د.إ150.7bد.إ59.5bد.إ8.4b13.7x18x2.5x
Fri, 10 Dec 2021د.إ150.5bد.إ59.5bد.إ8.4b13.5x17.9x2.5x
Sun, 07 Nov 2021د.إ139.2bد.إ55.0bد.إ7.2b13.8x19.4x2.5x
Tue, 05 Oct 2021د.إ121.5bد.إ54.9bد.إ7.1b11.4x17.2x2.2x
Thu, 02 Sep 2021د.إ127.9bد.إ54.9bد.إ7.1b12.2x18.1x2.3x
Sat, 31 Jul 2021د.إ119.8bد.إ54.9bد.إ7.1b11.5x17x2.2x
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 11.9x202220232024
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 7.4x which is lower than its 3-year average PE of 11.9x.
  • 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 Market-0.30%
Real Estate1.36%
Real Estate1.37%
Diversified Real Estate3.32%
Real Estate Development1.18%
Real Estate Services0%
Real Estate Operating Companies-3.53%
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 3.2%, 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
EMAARDEV Emaar Development PJSCد.إ7.602.4%
+د.إ720.0m		33.6%PE4.4x
EMAAR Emaar Properties PJSCد.إ7.831.0%
+د.إ707.1m		18.8%PE6.1x
ALDAR Aldar Properties PJSCد.إ5.960.3%
+د.إ157.3m		16.2%PE10.6x
DEYAAR Deyaar Development PJSCد.إ0.691.2%
+د.إ35.0m		6.3%PE6.7x
RAKPROP RAK Properties PJSCد.إ1.090.9%
+د.إ20.8m		35.1%PE11.4x
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Latest News

RAKPROP

د.إ1.09

RAK Properties PJSC

7D

0.9%

1Y

35.1%

MANAZEL

د.إ0.34

Manazel PJSC

7D

-3.1%

1Y

-9.2%

ESHRAQ

د.إ0.30

Eshraq Investments PJSC

7D

-1.9%

1Y

-46.4%

EMAARDEV

د.إ7.60

Emaar Development PJSC

7D

2.4%

1Y

33.6%

RAPCO

د.إ1.44

RAPCO Investment PJSC

7D

-8.9%

1Y

-23.8%

EMAAR

د.إ7.83

Emaar Properties PJSC

7D

1.0%

1Y

18.8%

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.إ0.69

Deyaar Development PJSC

7D

1.2%

1Y

6.3%

UPP

د.إ0.36

Union Properties

7D

0.3%

1Y

16.5%

TECOM

د.إ2.70

TECOM Group PJSC

7D

-2.9%

1Y

9.3%

ALDAR

د.إ5.96

Aldar Properties PJSC

7D

0.3%

1Y

16.2%