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Dubai / Emirates Business
Forbes Middle East welcomed representatives of the region’s leading real estate companies at an exclusive event, held to unveil 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 $18.1 billion, profits of $5.1 billion and assets worth $126.5 billion. UAE-based Emaar Properties tops the list.
Of the 40 unlisted real estate developers, 25 hail from the UAE, with 8 of the top 10 based in the emirates. Wasl Asset Management Group, founded in 2008, leads the category.
Tamleek Real Estate Company tops the list of real estate consultants. London-headquartered Gulf Sotheby’s tops the international consultants’ category. And of the top five REITs, Emirates REIT leads, with a net asset value of $493 million. 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.â€