Saudi Arabian (Tadawul) Real Estate Sector Analysis

Sector Valuation and Performance

Has the Saudi Arabian Real Estate Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 11 Aug 2026	ر.س126.8b	ر.س27.4b	ر.س6.3b	15.3x	20.3x	4.6x
Thu, 09 Jul 2026	ر.س128.7b	ر.س27.3b	ر.س6.3b	15.9x	20.3x	4.7x
Sat, 06 Jun 2026	ر.س124.5b	ر.س27.3b	ر.س6.3b	15.9x	19.6x	4.6x
Mon, 04 May 2026	ر.س136.7b	ر.س29.0b	ر.س6.5b	16.4x	21x	4.7x
Wed, 01 Apr 2026	ر.س135.3b	ر.س29.9b	ر.س6.9b	14.8x	19.6x	4.5x
Fri, 27 Feb 2026	ر.س131.7b	ر.س29.7b	ر.س6.9b	14.8x	19.2x	4.4x
Sun, 25 Jan 2026	ر.س135.9b	ر.س29.7b	ر.س6.9b	15.1x	19.8x	4.6x
Tue, 23 Dec 2025	ر.س134.6b	ر.س29.7b	ر.س6.9b	15.9x	19.6x	4.5x
Thu, 20 Nov 2025	ر.س141.5b	ر.س28.4b	ر.س6.3b	16.2x	22.6x	5x
Sat, 18 Oct 2025	ر.س153.3b	ر.س26.6b	ر.س5.4b	17.7x	28.4x	5.8x
Mon, 15 Sep 2025	ر.س144.3b	ر.س26.3b	ر.س5.3b	18.4x	27.2x	5.5x
Wed, 13 Aug 2025	ر.س145.4b	ر.س24.6b	ر.س4.5b	20.6x	32.6x	5.9x
Fri, 11 Jul 2025	ر.س160.8b	ر.س24.4b	ر.س4.3b	26.1x	37.1x	6.6x
Sun, 08 Jun 2025	ر.س175.3b	ر.س26.0b	ر.س5.3b	26.4x	32.8x	6.7x
Tue, 06 May 2025	ر.س192.5b	ر.س24.6b	ر.س3.6b	29.1x	52.9x	7.8x
Thu, 03 Apr 2025	ر.س194.6b	ر.س24.6b	ر.س3.7b	27.1x	52.3x	7.9x
Sat, 01 Mar 2025	ر.س159.4b	ر.س21.7b	ر.س2.5b	19.9x	64.8x	7.4x
Mon, 27 Jan 2025	ر.س154.3b	ر.س21.5b	ر.س2.5b	20.5x	61.2x	7.2x
Wed, 25 Dec 2024	ر.س143.4b	ر.س21.5b	ر.س2.5b	20.2x	56.9x	6.7x
Fri, 22 Nov 2024	ر.س144.1b	ر.س21.5b	ر.س2.5b	18.9x	58.4x	6.7x
Sun, 20 Oct 2024	ر.س147.6b	ر.س20.3b	ر.س3.3b	27x	45.2x	7.3x
Tue, 17 Sep 2024	ر.س142.5b	ر.س20.3b	ر.س3.3b	23.1x	43.4x	7x
Thu, 15 Aug 2024	ر.س140.4b	ر.س19.8b	ر.س3.6b	24.6x	38.8x	7.1x
Sat, 13 Jul 2024	ر.س131.0b	ر.س18.9b	ر.س3.3b	24.7x	39.3x	6.9x
Mon, 10 Jun 2024	ر.س132.1b	ر.س18.4b	ر.س3.3b	24.8x	40.5x	7.2x
Wed, 08 May 2024	ر.س147.5b	ر.س17.1b	ر.س3.4b	27x	42.8x	8.6x
Fri, 05 Apr 2024	ر.س146.1b	ر.س15.7b	ر.س3.1b	24.3x	47.9x	9.3x
Sun, 03 Mar 2024	ر.س132.1b	ر.س15.9b	ر.س2.8b	26.7x	47.8x	8.3x
Tue, 30 Jan 2024	ر.س122.7b	ر.س15.9b	ر.س2.8b	24.9x	44.4x	7.7x
Thu, 28 Dec 2023	ر.س118.1b	ر.س15.8b	ر.س2.7b	24.7x	43.1x	7.5x
Sat, 25 Nov 2023	ر.س115.8b	ر.س15.8b	ر.س2.7b	23.8x	42.2x	7.3x
Mon, 23 Oct 2023	ر.س111.7b	ر.س16.0b	ر.س2.2b	22.5x	51.6x	7x
Wed, 20 Sep 2023	ر.س117.7b	ر.س15.9b	ر.س2.3b	23.3x	51.4x	7.4x
Fri, 18 Aug 2023	ر.س125.9b	ر.س15.4b	ر.س2.1b	21.4x	59.8x	8.2x

Current Industry PE

Investors are pessimistic on the Saudi 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 20.3x which is lower than its 3-year average PE of 39.1x.

The 3-year average PS ratio of 6.6x is higher than the industry's current PS ratio of 4.6x.

Past Earnings Growth

The earnings for companies in the Real Estate industry have grown 44% per year over the last three years.
Revenues for these companies have grown 21% 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 Saudi Arabian Real Estate sector?


SA Market	-0.97%
Real Estate	-0.57%
Industrial REITs	0%	0
Real Estate	-0.50%
REITS	-1.01%
Hotel and Resort REITs	-1.06%
Specialized REITs	-1.46%
Retail REITs	-2.48%

Industry PE

Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 39.1x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Forecasted Growth

Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 10% over the next 5 years.
However this is lower than its past earnings growth rate of 17% per year.

In contrast, the Real Estate industry is expected to see its earnings grow by 10% per year 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
4325 Umm Al Qura for Development and Construction	ر.س17.66	3.5% +ر.س863.2m	-23.2%	PE29.2x
4300 Dar Al Arkan Real Estate Development	ر.س19.10	0.7% +ر.س151.2m	4.3%	PE17.4x
4310 Knowledge Economic City	ر.س15.86	2.3% +ر.س122.1m	27.5%	PS16.6x
4321 Arabian Centres	ر.س16.07	1.1% +ر.س80.7m	-20.6%	PE6.1x
4338 Alahli Capital - Al-Ahli Reit Fund	ر.س6.85	2.5% +ر.س23.4m	-1.3%	PB0.8x

Company

Last Price

Valuation

4325 Umm Al Qura for Development and Construction

ر.س17.66

3.5%
+ر.س863.2m

-23.2%

PE29.2x

4300 Dar Al Arkan Real Estate Development

ر.س19.10

0.7%
+ر.س151.2m

4.3%

PE17.4x

4310 Knowledge Economic City

ر.س15.86

2.3%
+ر.س122.1m

27.5%

PS16.6x

4321 Arabian Centres

ر.س16.07

1.1%
+ر.س80.7m

-20.6%

PE6.1x

4338 Alahli Capital - Al-Ahli Reit Fund

ر.س6.85

2.5%
+ر.س23.4m

-1.3%

PB0.8x

Umm Al Qura for Development and Construction Company Announces the Formation of the Audit Committee Members, Effective July 1, 2026

Umm Al Qura for Development and Construction Company announced the formation of the Audit Committee for the new Board of Directors' term, commencing on July 1, 2026, pursuant to the Board of Directors' resolution. Mr. Hossam Faisal Bawared served as General Manager of Hossam Bawared Certified Public Accountants. He also served as Chairman of the Audit Committee of Saudi Biological Acids Company and as a member of the Audit Committee of Farouk, Maamoun Tamer Industrial Holding Company. Mr. Bawared is a Certified Public Accountant licensed by the Saudi Organization for Chartered and Professional Accountants (SOCPA). He previously served as a member of the Audit Committee of Umm Al Qura for Development and Construction Company during the previous Board term. Mr. Khaled Mahmoud Abu Namous served as Deputy Executive Director of Finance and Treasury at Dallah Al Baraka Holding Company. He also previously served as General Manager of Mali Choice Middle East in the United Arab Emirates. He holds a Master of Business Administration in Professional Accounting from Canisius College, Buffalo, New York, United States, and a Bachelor’s degree in Business Administration from the University of Jordan, Amman, Jordan. Mr. Khaled Abu Namous is a Certified Public Accountant licensed by the American Institute of Certified Public Accountants (AICPA), Illinois, United States. Ms. Lamees Tariq Katoua served as Chief Risk Officer at Dar Al Tamleek Company, where she led the Company's enterprise risk governance framework and served as a member of several Board and executive committees. She previously worked as an External Auditor at Ernst & Young. Ms. Katoua holds a Bachelor's degree with Honors in Accounting from the American University in Cairo, Arab Republic of Egypt. She also holds several professional certifications in risk management and auditing, including Certified Chief Risk Officer (CCRO), Certified Operational Risk Professional (CORP), Certified Risk Specialist (CRS), Certified Risk-Based Auditor (CRBA), and the Financial Modeling & Valuation Analyst (FMVA) certification. Mr. Sulaiman Dawood Al-Sabti served as Assistant to the President for Investment and Fund Development at the General Authority for the Guardianship of Minors' Funds and Those in Their Ruling. He previously served as General Manager of the Investment Department at the same authority, and before that worked as Team Lead and Credit Advisor at the Saudi Industrial Development Fund. He has specialized expertise in investment management and asset development, credit analysis and advisory, accounting and financial management, and institutional investment governance. Academically, he holds an MBA from IMD Business School in Switzerland, and a Bachelor's degree in Accounting from Portland State University in the United States.

Saudi Arabian (Tadawul) Real Estate Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Dividend sustainability

SEDCO Capital REIT Fund announces Quarterly dividend, payable on October 08, 2026

Need To Know: One Analyst Is Much More Bullish On Makkah Construction and Development Company (TADAWUL:4100) Revenues

Revenue Beat: Dar Al Arkan Real Estate Development Company Beat Analyst Estimates By 9.6%

Second quarter 2026 earnings released: EPS: ر.س0.25 (vs ر.س0.30 in 2Q 2025)

Consensus EPS estimates fall by 13%

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

First quarter 2026 earnings released: ر.س0.08 loss per share (vs ر.س0.021 profit in 1Q 2025)

Investor sentiment improves as stock rises 17%

Umm Al Qura for Development and Construction Company Announces the Formation of the Audit Committee Members, Effective July 1, 2026

New minor risk - Share price stability

Knowledge Economic City Company, Annual General Meeting, Jun 30, 2026

Emaar The Economic City, Annual General Meeting, Jun 22, 2026

First quarter 2026 earnings released: EPS: ر.س0.67 (vs ر.س1.78 in 1Q 2025)

First half dividend of ر.س0.22 announced