May 2026
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Largest Real Estate Development Public Companies in the UAE
Benchmark revenue and EBITDA valuation multiples for public comps like
Emaar Properties, Aldar Properties, Emaar Development, Modon Holding and Dubai Residential.
 | Emaar Properties PJSC is engaged in property investment, development, and development management, shopping malls and retail, hospitality, property management, utility services, and investments in providers of financial services. Its segments are, namely, real estate (develop, sell, and manage condominiums, villas, commercial units and plots of land), leasing, retail and related activities (develop, lease and manage malls, retail, commercial, and residential spaces), and hospitality (develop, own, and/or manage hotels, serviced apartments and leisure activities). It earns revenue from sources other than property sales, leasing, retail and related activities, and hospitality, and this revenue is included in other operating income. The majority of revenue comes from real estate. | $3 | -13% | $28B | $22B | 1.6x | 2.8x | ||
| Aldar Properties PJSC is a general real estate company. The company along with its subsidiaries is engaged in various businesses predominantly the development, sales, investment, construction, leasing, management, and associated services for real estate. Its operating segment includes Property development and sales; Project management services; International; Investment properties; Hospitality and leisure; Education, Estates and Others. The company generates maximum revenue from the Property development and sales segment. | $2 | -13% | $17B | $19B | 2.1x | 5.8x | ||
| Emaar Development PJSC is a property developer and provider of lifestyle-focused real estate, with operations in the Middle East, North Africa, and Asia. Its principal activities are property investment, development and development management, shopping malls and retail, entertainment, hospitality, property management and utility services and investments in providers of financial services. The majority of the company'ss revenue is derived from the sale of residential units. Geographically, the company is currently operating only in the UAE. | $4 | +7% | $16B | $3B | 0.4x | 0.7x | ||
| Modon Holding PSC, and its subsidiaries, operate across multiple business activities, including the development, management, sales, leasing and other associated services for real estate. The company is also engaged in the development, management and operations of hotels and exhibition venues, with a portfolio of assets under management across retail, residential, commercial, and sports & leisure. The company's reportable segments are: i) Real Estate Development, ii) Asset and Investment Management, iii) Hospitality, and iv) Events, Catering and Tourism. The majority of revenue is derived from the Real Estate Development segment, which involves master planning, development, sales, and management of real estate projects in the UAE and international markets. | $1 | -13% | $14B | $12B | 3.2x | 8.2x | ||
| Dubai Residential REIT is a closed-ended real estate investment fund incorporated in the Emirate of Dubai, United Arab Emirates and licensed by the SCA. The Group’s real estate portfolio is categorised into four price segments Premium, Community, Affordable and Corporate Housing which appeal to a range of socioeconomic demographics, in addition to the Other segment. | $0 | 0% | $4B | $5B | 8.5x | 5.3x | ||
| Anan Investment Holding PJSC is engaged in developing, investing in, and managing real estate properties. The company's operations are focused on real estate development. investment and marketing in various sectors, including tourism, industry, and others. Its project profile includes Wahat Alzaweya, Aryaf, Nasayem, Shamma Centre, Waha Living, Marya Boutique, and others. | $0 | -- | $1B | $1B | - | - | ||
| Deyaar Development PJSC is a real estate development company in Dubai. It has projects in Business Bay, Dubai Marina, Al Barsha, Jumeirah Lake Towers, Dubai Production City, and Dubai Silicon Oasis among other locations. The company's projects include residential tower developments, commercial tower developments, and hospitality developments. The company's business operations are divided into three segments: Property Development, Properties and Facilities Management, and Hospitality related activities. The Property Development segment develops residential, commercial, and retail space for sale and lease. The Property Development segment is responsible for generating the majority of the company's revenue. | $0 | -18% | $973M | $477M | 0.9x | 2.4x | ||
| RAK Properties PJSC is a property development and tourism infrastructure firm in the United Arab Emirates. The principal activities of the Group are an investment in and development of properties, property management, hotel operations, marine management, and related services. The Group is organised into three operating segments: property sales, hotel operations and property leasing and other income. | $0 | -31% | $802M | $1B | 2.2x | 6.8x | ||
| Median | $1 | -13% | $9B | $4B | 2.1x | 5.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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