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Saudi Arabian (Tadawul) Real Estate Sector Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies44
- 7D-0.3%
- 3M-14.5%
- 1Y-17.8%
- YTD-17.8%
Over the last 7 days, the Real Estate industry has remained flat, although notably Al Ramz Real Estate declined by 15%. As for the longer term, the industry has declined 18% in the last year. As for the next few years, earnings are expected to grow by 8.4% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | ر.س134.4b | ر.س29.7b | ر.س6.9b | 15.8x | 19.5x | 4.5x |
| Sat, 22 Nov 2025 | ر.س143.5b | ر.س28.6b | ر.س6.6b | 16.5x | 21.8x | 5x |
| Mon, 20 Oct 2025 | ر.س153.3b | ر.س26.6b | ر.س5.4b | 18x | 28.4x | 5.8x |
| Wed, 17 Sep 2025 | ر.س146.2b | ر.س26.6b | ر.س5.4b | 17.3x | 27.1x | 5.5x |
| Fri, 15 Aug 2025 | ر.س144.6b | ر.س24.6b | ر.س4.6b | 20.4x | 31.5x | 5.9x |
| Sun, 13 Jul 2025 | ر.س160.5b | ر.س24.4b | ر.س4.3b | 26.1x | 37.1x | 6.6x |
| Tue, 10 Jun 2025 | ر.س175.3b | ر.س26.0b | ر.س5.3b | 26.4x | 32.8x | 6.7x |
| Thu, 08 May 2025 | ر.س188.6b | ر.س24.7b | ر.س3.7b | 28.7x | 51x | 7.6x |
| Sat, 05 Apr 2025 | ر.س195.0b | ر.س24.6b | ر.س3.7b | 26.4x | 52.5x | 7.9x |
| Mon, 03 Mar 2025 | ر.س158.0b | ر.س21.7b | ر.س2.5b | 19.9x | 64.2x | 7.3x |
| Wed, 29 Jan 2025 | ر.س165.0b | ر.س21.5b | ر.س2.5b | 20.6x | 65.5x | 7.7x |
| Fri, 27 Dec 2024 | ر.س142.7b | ر.س21.5b | ر.س2.5b | 20.1x | 56.6x | 6.6x |
| Sun, 24 Nov 2024 | ر.س144.1b | ر.س21.5b | ر.س2.5b | 18.9x | 57.3x | 6.7x |
| Tue, 22 Oct 2024 | ر.س148.0b | ر.س20.3b | ر.س3.3b | 28.3x | 45.3x | 7.3x |
| Thu, 19 Sep 2024 | ر.س144.9b | ر.س20.1b | ر.س3.3b | 22.3x | 44.3x | 7.2x |
| Sat, 17 Aug 2024 | ر.س143.1b | ر.س20.1b | ر.س3.3b | 23.9x | 44x | 7.1x |
| Mon, 15 Jul 2024 | ر.س131.0b | ر.س18.9b | ر.س3.3b | 24.5x | 39.3x | 6.9x |
| Wed, 12 Jun 2024 | ر.س134.7b | ر.س18.4b | ر.س3.3b | 25.1x | 41.3x | 7.3x |
| Fri, 10 May 2024 | ر.س145.8b | ر.س17.1b | ر.س3.4b | 26x | 42.3x | 8.5x |
| Sun, 07 Apr 2024 | ر.س147.1b | ر.س17.1b | ر.س3.0b | 24.6x | 49.1x | 8.6x |
| Tue, 05 Mar 2024 | ر.س128.9b | ر.س15.9b | ر.س2.8b | 26.1x | 46.7x | 8.1x |
| Thu, 01 Feb 2024 | ر.س120.9b | ر.س15.9b | ر.س2.8b | 24.2x | 43.7x | 7.6x |
| Sat, 30 Dec 2023 | ر.س119.4b | ر.س15.8b | ر.س2.7b | 24.6x | 43.5x | 7.5x |
| Mon, 27 Nov 2023 | ر.س116.2b | ر.س15.8b | ر.س2.7b | 23.2x | 42.4x | 7.3x |
| Wed, 25 Oct 2023 | ر.س108.9b | ر.س16.0b | ر.س2.2b | 22.4x | 50.3x | 6.8x |
| Fri, 22 Sep 2023 | ر.س118.0b | ر.س15.9b | ر.س2.3b | 23.2x | 50.9x | 7.4x |
| Sun, 20 Aug 2023 | ر.س125.9b | ر.س15.4b | ر.س2.3b | 21.4x | 55.6x | 8.2x |
| Tue, 18 Jul 2023 | ر.س131.0b | ر.س15.0b | ر.س1.8b | 22.1x | 71.5x | 8.7x |
| Thu, 15 Jun 2023 | ر.س127.4b | ر.س15.2b | ر.س1.9b | 22.2x | 67.1x | 8.4x |
| Sat, 13 May 2023 | ر.س121.5b | ر.س14.9b | ر.س845.6m | 22.8x | 143.7x | 8.2x |
| Mon, 10 Apr 2023 | ر.س117.8b | ر.س14.5b | ر.س2.5b | 23x | 47.6x | 8.1x |
| Wed, 08 Mar 2023 | ر.س109.4b | ر.س14.3b | ر.س2.3b | 23.9x | 47.3x | 7.7x |
| Fri, 03 Feb 2023 | ر.س109.2b | ر.س14.3b | ر.س2.4b | 24.3x | 45.5x | 7.6x |
| Sun, 01 Jan 2023 | ر.س103.0b | ر.س14.3b | ر.س2.4b | 23.7x | 43.1x | 7.2x |
Price to Earnings Ratio
43.1x
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 19.5x which is lower than its 3-year average PE of 51.3x.
- The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 28% 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 | 0.62% | |
| Real Estate | -0.34% | |
| Retail REITs | 1.60% | |
| Hotel and Resort REITs | 1.00% | |
| REITS | 0.044% | |
| Industrial REITs | 0% | 0 |
| Real Estate | -0.39% | |
| Specialized REITs | -0.69% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 34.3x.
- 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 8.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 8.4% 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 | |
|---|---|---|---|---|---|
| 4322 Retal Urban Development | ر.س12.13 | 5.3% +ر.س304.4m | -21.8% | PE21.5x | |
| 4230 Red Sea International | ر.س35.38 | 2.4% +ر.س39.6m | -41.6% | PS0.5x | |
| 4342 Jadwa Investment - Jadwa Reit Saudi Fund | ر.س11.06 | 1.8% +ر.س37.3m | 8.4% | PB1.2x | |
| 4338 Alahli Capital - Al-Ahli Reit Fund | ر.س6.55 | 4.1% +ر.س35.8m | -6.3% | PB0.8x | |
| 4344 SEDCO Capital REIT Fund | ر.س6.59 | 2.6% +ر.س31.8m | -20.9% | PB0.8x |