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Emirati (ADX) Real Estate Sector Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies15
  • 7D-4.0%
  • 3M-0.3%
  • 1Y20.9%
  • YTD0.4%

Over the last 7 days, the Real Estate industry has dropped 4.0%, driven by a pullback from Emaar Properties PJSC of 5.7%. In the past year, the industry has gained 21%. As for the next few years, earnings are expected to grow by 6.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024د.إ175.4bد.إ62.5bد.إ24.4b6.9x7.2x2.8x
Tue, 16 Apr 2024د.إ186.2bد.إ58.2bد.إ23.9b8.6x7.8x3.2x
Thu, 14 Mar 2024د.إ184.0bد.إ58.3bد.إ24.6b7.6x7.5x3.2x
Sat, 10 Feb 2024د.إ170.0bد.إ51.9bد.إ19.6b12.3x8.7x3.3x
Mon, 08 Jan 2024د.إ171.2bد.إ51.7bد.إ19.2b13.9x8.9x3.3x
Wed, 06 Dec 2023د.إ168.5bد.إ51.7bد.إ19.2b13.8x8.8x3.3x
Fri, 03 Nov 2023د.إ161.1bد.إ49.9bد.إ16.6b10.7x9.7x3.2x
Sun, 01 Oct 2023د.إ177.3bد.إ49.1bد.إ16.2b11.6x10.9x3.6x
Tue, 29 Aug 2023د.إ161.5bد.إ49.1bد.إ16.2b10.8x10x3.3x
Thu, 27 Jul 2023د.إ158.2bد.إ50.8bد.إ16.1b11.8x9.8x3.1x
Sat, 24 Jun 2023د.إ151.9bد.إ50.8bد.إ16.1b12.2x9.5x3x
Mon, 22 May 2023د.إ144.8bد.إ50.8bد.إ16.1b13.9x9x2.9x
Wed, 19 Apr 2023د.إ147.5bد.إ51.6bد.إ15.0b14.6x9.8x2.9x
Fri, 17 Mar 2023د.إ131.9bد.إ51.6bد.إ15.0b11.6x8.8x2.6x
Sun, 12 Feb 2023د.إ135.9bد.إ56.2bد.إ14.2b13x9.6x2.4x
Tue, 10 Jan 2023د.إ132.4bد.إ55.1bد.إ13.9b10x9.5x2.4x
Thu, 08 Dec 2022د.إ131.5bد.إ55.1bد.إ13.7b10x9.6x2.4x
Sat, 05 Nov 2022د.إ129.3bد.إ56.5bد.إ12.4b13.2x10.4x2.3x
Mon, 03 Oct 2022د.إ127.1bد.إ55.8bد.إ12.3b13.1x10.3x2.3x
Wed, 31 Aug 2022د.إ138.8bد.إ55.8bد.إ12.3b14.4x11.3x2.5x
Fri, 29 Jul 2022د.إ126.8bد.إ55.1bد.إ10.5b11.8x12.1x2.3x
Sun, 26 Jun 2022د.إ109.4bد.إ55.1bد.إ10.5b10.9x10.4x2x
Tue, 24 May 2022د.إ130.5bد.إ58.0bد.إ9.8b16.3x13.4x2.2x
Thu, 21 Apr 2022د.إ139.2bد.إ56.9bد.إ7.8b15.5x17.8x2.4x
Sat, 19 Mar 2022د.إ159.2bد.إ61.7bد.إ9.8b15.9x16.3x2.6x
Mon, 14 Feb 2022د.إ150.7bد.إ59.3bد.إ8.6b14.2x17.6x2.5x
Wed, 12 Jan 2022د.إ150.9bد.إ59.6bد.إ8.2b13.7x18.3x2.5x
Fri, 10 Dec 2021د.إ150.7bد.إ59.6bد.إ8.2b13.5x18.3x2.5x
Sun, 07 Nov 2021د.إ139.3bد.إ55.1bد.إ7.0b13.8x19.9x2.5x
Tue, 05 Oct 2021د.إ121.7bد.إ55.0bد.إ6.9b11.4x17.6x2.2x
Thu, 02 Sep 2021د.إ128.1bد.إ55.0bد.إ6.8b12.2x18.9x2.3x
Sat, 31 Jul 2021د.إ119.9bد.إ55.0bد.إ6.8b11.5x17.7x2.2x
Price to Earnings Ratio

19.7x


Total Market Cap: د.إ117.6bTotal Earnings: د.إ6.0bTotal Revenue: د.إ48.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Real Estate Sector Price to Earnings3Y Average 12.4x202220232024
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 12.4x.
  • 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 60% 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 sector?

AE Market-0.81%
Real Estate-3.99%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
REITS-0.64%
Real Estate-4.00%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 12.3x.
    • Analysts are expecting annual earnings growth of 6.1%, which is lower than the prior year's growth of 66.0% per year.
  • Investors are most pessimistic about the REITS industry, which is trading close to its 3-year average of 0.94x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 6.1% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 6.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ARAM ARAM Group Company P.J.S.Cد.إ2.853.3%
+د.إ7.1m		59.2%PS24.9x
RAPCO RAPCO Investment PJSCد.إ1.412.2%
+د.إ2.9m		-31.9%PE9.1x
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Latest News

ESHRAQ

د.إ0.33

Eshraq Investments PJSC

7D

-8.1%

1Y

-39.4%

DEYAAR

د.إ0.72

Deyaar Development PJSC

7D

-3.6%

1Y

7.0%

EMAAR

د.إ7.57

Emaar Properties PJSC

7D

-5.7%

1Y

27.2%

UPP

د.إ0.39

Union Properties

7D

-11.8%

1Y

38.6%

EMAARDEV

د.إ7.66

Emaar Development PJSC

7D

-8.3%

1Y

44.8%

MANAZEL

د.إ0.34

Manazel PJSC

7D

-5.6%

1Y

-10.1%

RAKPROP

د.إ1.20

RAK Properties PJSC

7D

-0.8%

1Y

75.5%

REIT

US$0.20

Emirates REIT (CEIC)

7D

-1.5%

1Y

-2.9%

RAPCO

د.إ1.41

RAPCO Investment PJSC

7D

2.2%

1Y

-31.9%

ARAM

د.إ2.85

ARAM Group Company P.J.S.C

7D

3.3%

1Y

59.2%