Ezdan Real Estate has topped a list of the GCC’s top 50 real estate companies, coming ahead of second placed Emaar and third placed Jabal Omar Development.
The list – based on the market valuations of listed real estate companies on July 5 – shows Ezdan’s market value standing at $14.2bn, more than double that of Emaar on $5bn.
Saudi Arabia’ s Dar Alarkan, with a market value of $2.9bn, was ranked fourth, one place ahead of Barwa Real Estate.
UAE based Arabtec, which has seen its shares rise by more than 100 percent, surges into the top ten – in tenth place – with a valuation of $1.22bn, ahead of Al Dar Properties and Saudi Real Estate.
Another UAE giant Drake & Scull was ranked 17th on the list.
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