Dubai
UAE based developers continue to dominate Forbes’ annual rankings of the region’s top developers, with Dubai’s wasl Management Group named at the top in the list of unlisted players. This is the second time Forbes has come with such a listing.
Of the 40 listed developers, 25 are from the UAE, including eight in the Top 10. The 40 players have a combined market value of $90.5 billion, revenues of $18.1 billion and assets worth $126.5 billion.
Tamleek Real Estate Co. topped the list of real estate consultants, while Gulf Sotheby’s had the top ranking in the international consultants’ category. Among real estate investment trusts, Emirates Reit held the numero uno position. “By also ranking the largest Reits, we have highlighted the crucial role they play in making the sector more attractive for stakeholders.”
While the Gulf’s stock market have had a bit of a topsy-turvy ride in recent quarters, the leading realty scrips have managed to weather the storm to an extent.
