Sunday, 08 November 2009 | 03:14 UAE time
The Top 50 Real Estate Companies
Arabian Business profiles the largest publicly traded real estate companies operating across the Gulf.
These are tumultuous times for real estate companies across the region.
On the one hand, there have never been bigger or more ambitious projects in the pipeline.
In the other the global credit squeeze has made funding more difficult, buyers more anxious, and the markets more jittery.
Never has the maxim 'Get out when the market is ruled by greed, get in when the market is ruled by fear' been more relevant to the more bullish investors out there.
For those wishing to go further. Click on a company name for the full financial profile of that company, an interactive stock chart, company profile, the latest news stories, disclosures...
The figures quoted in the chart are kept up to date dynamically pulling from a live markets feed.
All prices are in USD.
| # | COMPANY | COUNTRY | MARKET CAP | NET PROFIT | TOTAL ASSETS | SHARE PRICE | % INCREASE |
| 1 | Ezdan Real Estate Company | Qatar | 8.57 B | 372.78 M | 1.90 B | 18.76 | 152.96 |
| 2 | Emaar Properties - UAE | UAE | 6.88 B | 831.83 M | 16.52 B | 1.13 | 83.63 |
| 3 | The Lebanese Company for the Development and Reconstruction of the Beirut Central District | Lebanon | 4.28 B | 182.72 M | 2.45 B | 25.96 | 56.95 |
| 4 | ALDAR Properties | UAE | 3.75 B | 938.38 M | 13.55 B | 1.46 | 37.18 |
| 5 | Barwa Real Estate Company | Qatar | 2.35 B | 85.15 M | 6.68 B | 8.96 | 7.59 |
| 6 | Sorouh Real Estate | UAE | 2.14 B | 505.90 M | 4.61 B | 0.86 | -1.56 |
| 7 | Arkan Building Materials Company | UAE | 1.48 B | -79.40 M | 696.68 M | 0.84 | -50.72 |
| 8 | Gulf Cable and Electrical Industries Company | Kuwait | 1.35 B | 11.32 M | 828.78 M | 6.43 | 85.86 |
| 9 | Kuwait Cement Company | Kuwait | 1.15 B | 15.07 M | 837.00 M | 1.99 | 1.44 |
| 10 | Deyaar Development Company | UAE | 1.15 B | 298.16 M | 3.07 B | 0.20 | 46.00 |
| 11 | Mabanee Company | Kuwait | 1.14 B | 21.77 M | 807.06 M | 2.48 | 32.37 |
| 12 | United Development Company | Qatar | 1.06 B | 160.28 M | 2.04 B | 9.92 | 2.27 |
| 13 | Qatar National Cement Company | Qatar | 991.99 M | 113.63 M | 783.76 M | 22.22 | 1.43 |
| 14 | Arabtec Holding | UAE | 989.88 M | 260.83 M | 2.58 B | 0.83 | 34.51 |
| 15 | Qatar Shipping Company - Qatar | Qatar | 985.08 M | 142.26 M | 1.49 B | 8.96 | -13.07 |
| 16 | Union Properties | UAE | 967.98 M | 207.76 M | 5.23 B | 0.26 | 46.67 |
| 17 | Mena Holding | Kuwait | 912.59 M | 92.67 M | 986.43 M | 1.52 | 150.96 |
| 18 | Raysut Cement Company | Oman | 777.66 M | 70.41 M | 305.57 M | 3.89 | 35.72 |
| 19 | IFA Hotels and Resorts - Kuwait | Kuwait | 777.63 M | 107.86 M | 1.18 B | 1.71 | -14.44 |
| 20 | The Commercial Real Estate Company | Kuwait | 755.46 M | 50.58 M | 1.39 B | 0.44 | -0.87 |
| 21 | Oman Cement Company | Oman | 635.10 M | 32.57 M | 345.42 M | 1.92 | 145.51 |
| 22 | Qatar Real Estate Investment Company | Qatar | 619.47 M | 85.55 M | 1.60 B | 7.17 | -10.31 |
| 23 | Jordan Cement Factories Company | Jordan | 606.58 M | 69.67 M | 402.31 M | 10.04 | 10.08 |
| 24 | Drake and Scull International | UAE | 592.92 M | 55.38 M | 394.71 M | 0.27 | 35.14 |
| 25 | Commercial Bank International | UAE | 591.02 M | 35.21 M | 3.06 B | 0.44 | 5.05 |
| 26 | Gulf Holding Company - Qatar | Qatar | 570.35 M | 9.38 M | 460.07 M | 4.59 | -4.02 |
| 27 | Afaq for Investment and Real Estate Development Company | Jordan | 508.83 M | 11.38 M | 143.83 M | 6.36 | 0.00 |
| 28 | National Industries Company for Building Materials | Kuwait | 477.92 M | -32.57 M | 440.08 M | 1.38 | 3.95 |
| 29 | National Marine Dredging Company | UAE | 462.84 M | 72.29 M | 487.23 M | 2.31 | -9.19 |
| 30 | Gulf Cement Company | UAE | 456.04 M | 0.58 M | 492.96 M | 0.56 | -9.73 |
| 31 | Al Themar International Holding Company | Kuwait | 424.83 M | 1.00 M | 582.10 M | 0.42 | -7.69 |
| 32 | Tamdeen Real Estate Company | Kuwait | 424.00 M | 47.53 M | 1.56 B | 1.14 | 1.56 |
| 33 | RAK Properties | UAE | 386.60 M | 103.31 M | 1.14 B | 0.19 | 39.22 |
| 34 | Combined Group Contracting Company | Kuwait | 351.83 M | 29.70 M | 439.39 M | 4.41 | 152.00 |
| 35 | Oman Cables Industry | Oman | 347.85 M | 15.93 M | 357.20 M | 3.88 | 66.63 |
| 36 | Galfar Engineering and Contracting - Oman | Oman | 343.64 M | 59.52 M | 964.01 M | 1.64 | 63.28 |
| 37 | National Cement Company | UAE | 331.15 M | 52.81 M | 762.86 M | 0.92 | -43.59 |
| 38 | Aerated Concrete Industries Company | Kuwait | 304.33 M | 22.84 M | 709.13 M | 1.40 | -21.21 |
| 39 | Salhia Real Estate Company | Kuwait | 304.30 M | -124.11 M | 923.11 M | 0.76 | -2.68 |
| 40 | Fujairah Cement Industries Company | UAE | 290.66 M | 53.26 M | 436.46 M | 0.82 | -35.15 |
| 41 | Ras Al Khaimah Ceramic Company | UAE | 284.28 M | 50.35 M | 1.23 B | 0.46 | 47.24 |
| 42 | Al Mazaya Holding Company | Kuwait | 275.93 M | 45.61 M | 1.28 B | 0.74 | -59.86 |
| 43 | Holcim Liban | Lebanon | 274.40 M | 19.65 M | 325.65 M | 14.06 | -11.74 |
| 44 | Heavy Engineering Industries and Shipbuilding Company | Kuwait | 270.22 M | 2.40 M | 339.37 M | 1.82 | 22.35 |
| 45 | Kuwait Real Estate Company | Kuwait | 263.14 M | -163.79 M | 620.47 M | 0.29 | 43.10 |
| 46 | Union Cement Company | UAE | 262.45 M | 42.31 M | 417.91 M | 0.39 | -51.23 |
| 47 | Privatization Holding Company | Kuwait | 249.80 M | -48.03 M | 800.69 M | 0.31 | 12.50 |
| 48 | Zara Investment Holding Company | Jordan | 238.52 M | 13.91 M | 361.25 M | 1.91 | -22.41 |
| 49 | Sharjah Cement and Industrial Development Company | UAE | 235.40 M | 68.52 M | 552.24 M | 0.47 | -31.47 |
| 50 | United Real Estate Company - Kuwait | Kuwait | 228.68 M | 21.37 M | 1.11 B | 0.29 | 0.00 |
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