Forbes Middle East Unveils Top 100 Real Estate Companies in the Region

By Leena ElDeeb On Sep 1, 2016

Flags of Emaar Properties PJSC, builder of the world's tallest skyscraper, fly near high-rise properties in the Marina district of Dubai, United Arab Emirates, on Saturday, Dec. 10, 2011. Dubai and its state-owned non-financial companies have $101.5 billion of outstanding debt and may need further financial support to meet those obligations, Moody's said. Photographer: Gabriela Maj/Bloomberg

For the first time in its history, Forbes Middle East has released a list with the top 100 real estate companies in the Middle East. In order for that to happen, they held an event to recognize the prolonged success of the region’s real estate sector. As this industry continues to grow, it wouldn’t come as a surprise to find that people would choose to look into a selling rental property guide on Roofstock to help them through their real estate investors journey.

“The real estate market in the region is undergoing a transformation. The market is now witnessing a shift from high-end luxury buyers to the middle-class segment of affordable consumers. With the turmoil witnessed in the GCC, the UAE’s real estate market still is robust and has proven adaptive to change,” said Khuloud Al Omian, the Editor-in-Chief of Forbes Middle East.

Of the Top 50 Listed Real Estate Companies, 36 came from the Arab Gulf. Emaar Properties topped the list, coming first with its largest asset base of $21.7 billion, as as the highest amount go revenue at $3.7 billion. However, Emaar tied with the second on the list, DAMAC Properties, for profit earnings of $1.2 billion. Although it came sixth on the list, Jabal Omar Development Co. came first for highest market value at $14.1 billion.

The Top 100 list was subdivided into top ten public real estate companies, top five private, top five real estate companies, top five real estate consultants among others. The top real estate companies were determined using information from the respective companies’ annual reports and their base country’s stock market website. Position in the ranking was derived using the following metrics: Market value, assets, profits and revenues.

Whereas the top private real estate companies were determined using information from questionnaires provided to the respective companies, as well as the companies’ websites and research reports provided by real estate consultants. Position in the ranking was derived using the following metrics: estimated revenue, number of employees and date of establishment.

The magazine researches and publishes original and relevant lists/rankings, based on the criteria of neutrality, authenticity, commitment to the methodology of scientific research and the quality of standards set globally by Forbes Media, US.

WE SAID THIS: Keep it up, Emaar!