Dubai-Mubasher: Forbes Middle East held an event that ranked the Arab world’s top 100 real estate companies and consultants, and celebrated business leaders and top enterprises, according to a statement.
The property market in the region is undergoing a transformation, witnessing a shift from high-end luxury buyers to the middle-class segment of affordable consumers.
The UAE’s real estate market still is robust despite the turmoil witnessed in the GCC, the statement highlighted.
Dubai-listed Emaar Properties came on top with both the largest asset base of $21.7 billion, as well as the highest amount of revenue at $3.7 billion. Emaar tied with Damac Properties for profit earnings of $1.2 billion, and Jabal Omar Development Co. has highest market value at $14.1 billion.
The top ten public real estate companies included Emaar Properties, Damac Properties, Aldar Properties, Barwa, Ezdan Holding, Jabal Omar Development Co. and Talaat Moustafa Group Holding. The top five private real estate companies included Qatari Diar, Dubai Properties, Nakheeland Arenco Real Estate.
