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Forbes ME: Emaar Properties tops list of Arab developers

September 15, 2017 12:30 pm


Forbes Middle East, a licensee of Forbes Media, unveiled its ‘Top 100 Real Estate Companies in the Arab World’ for the second year running.

The top 40 listed real estate developers have a combined market value of $90.5 billion, revenues of $18.1bn, profits of $5.1bn and assets worth $126.5bn.

UAE based developer, Emaar Properties, tops the list.

Of the 40 unlisted real estate developers, 25 hail from the U.A.E., with 8 of the top 10 based in the emirates. Wasl Asset Management Group, founded in 2008, leads the category.

Top real estate consultants

Tamleek Real Estate Company tops the list of real estate consultants, as per Forbes ranking.

They are followed by Better Homes and Edwards & Towers Real Estate Brokers.

London-headquartered Gulf Sotheby’s tops the international consultants’ category.

REITs

Of the top five REITs, Emirates REIT leads, with a net asset value of $493 million, followed in 2nd and third places by ENBD REIT, $292m, and Jadwa REIT Al Haramain, $191m.

Khuloud Al Omian, Editor-in-Chief of Forbes Middle East said: “The GCC’s real estate sector is one of the fastest growing in the world and is a key barometer for the economic growth of the region. By also ranking the largest REITs for the first time, we have highlighted the crucial role they play in making the sector more attractive for all stakeholders of the economy.”

Below are Forbes ME category listings:

Top 10 Listed Real Estate Developers:

  1. Emaar Properties
  2. Ezdan Holding
  3. ALDAR Properties
  4. DAMAC Properties
  5. Barwa Group
  6. Jabal Omar Development Company
  7. United Development Company
  8. Dar Alarkan Real Estate Development Company
  9. Douja Promotion Addoha Group
  10. Mabanee Company

Top 10 Unlisted Real Estate Developers

  1. Wasl Asset Management Group (Wasl Properties)
  2. Dubai Properties
  3. Arabian Centers
  4. Majid Al Futtaim Properties
  5. Al Futtaim Real Estate
  6. Nakheel
  7. Arenco Real Estate
  8. Al Habtoor Real Estate
  9. Bloom Holding
  10. SEDCO Development

Top 10 Real Estate Consultants

  1. Tamleek Real Estate Company
  2. Better Homes
  3. Edwards & Towers Real Estate Brokers
  4. Allsopp & Allsopp
  5. Harbor Real Estate
  6. Ottomans International
  7. Rocky Real Estate
  8. Aqua Properties
  9. Crompton Partners
  10. Zabadani Real Estate

Top 5 International Real Estate Consultants

  1. Gulf Sotheby’s
  2. JLL (Jones Lang LaSalle)
  3. Cluttons
  4. CBRE
  5. Knight Frank

Top 5 REITs

  1. Emirates REIT
  2. ENBD REIT
  3. Jadwa REIT Al Haramain
  4. Riyad REIT
  5. Taleem REIT

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By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.



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