Markets analysis on behalf of Ray Verma Luxury Broker at Eden Realty UAE
The UAE real estate sector experienced significant developments this week, particularly concerning fourth-quarter and annual earnings results, which triggered substantial market movements. The Dubai stock market achieved a decade high, while the real estate sector index reached a new record. Emaar Properties recorded strong results. The company reported a 33% increase in its yearly revenue and a 72% surge in property sales.
In Abu Dhabi, the stock market witnessed several important announcements during the week. The most notable was from Aldar Properties, which reported a substantial 47% increase in net profit in 2024, reaching AED 6.5 billion, with Q4 earnings reaching AED 1.9 billion. As a result, Aldar’s stock price surged by more than 18% this week, reaching levels not seen in 17 years and contributing to the real estate index’s record high.
The UAE real estate sectors across both markets appear well-positioned for continued growth, supported by strong fundamentals and impressive financial results. The positive momentum in both the Dubai and Abu Dhabi markets suggests a robust outlook for the sector.
