Top 5 Most Valuable Real Estate Companies in the MENA Region in 2025
As of March 17, 2025, there are 137 real estate companies listed on the main stock markets in the MENA region. Together, they are worth $157.8 billion. The five biggest companies make up more than half of that value, holding 54.5% of the total.
Emaar Properties
Market Value: $32.5 billion
Country: U.A.E.
Emaar Properties, founded in 1997, is known for building the Burj Khalifa and Dubai Mall. It is the largest real estate company in MENA, with a market value of $32.5 billion. Since 2002, it has built over 118,400 homes and sold more than 171,200 homes worldwide. In 2024, it made its highest revenue ever, $9.7 billion, and has assets worth $43.6 billion. It owns over 1.7 billion square feet of land. Last year, it bought 141 million square feet of land in Dubai, worth $26.1 billion. In June, Emaar Malls announced plans to expand Dubai Mall by $408 million, adding 240 new stores.
Aldar Properties
Market Value: $18.6 billion
Country: U.A.E.
Aldar Properties, founded in 2005, operates in the U.A.E., Egypt, Saudi Arabia, Oman, the U.K., and Europe. It has two main areas: Aldar Development and Aldar Investment. In 2024, it grew revenue by 62% to $6.3 billion and net profits rose 47% to $1.8 billion. Its property portfolio grew to $11.4 billion. In December, it bought a $626.3 million commercial tower in Dubai, to be completed in 2028. In March 2025, Aldar raised $500 million through a green sukuk for its investment properties.
Emaar Development
Market Value: $13.8 billion
Country: U.A.E.
Emaar Development focuses on building properties to sell and is mostly owned by Emaar Properties (79.2%). Since 2002, it has delivered over 74,000 homes. In 2024, it had $5.2 billion in revenue and assets worth $16.2 billion, launching 62 new projects. It had its best year in property sales, totaling $17.8 billion, a 75% increase from 2023. The company developed popular areas like Emirates Living, Downtown Dubai, and Dubai Marina.
Modon Holding
Market Value: $13 billion
Country: U.A.E.
In March 2024, Q Holding rebranded to Modon Holding, making it the fourth-largest real estate company in MENA. Its properties include Reem Hills and Nawayef Park Views in the U.A.E. In 2024, its revenue grew 637% to $1.8 billion, mainly due to acquiring ADNEC Group and Modon Properties. It also launched five new projects, bringing in $3.5 billion in sales. Last year, it expanded to Egypt, Spain, the U.K., and Morocco. In February 2025, it signed a deal to buy Arena Events Group, boosting its position in the global events industry.
Jabal Omar Development Company (JODC)
Market Value: $8.1 billion
Country: Saudi Arabia
JODC, listed on the Saudi Exchange in 2007, is behind the Jabal Omar project near the Grand Mosque in Makkah. In 2024, it made $507 million in revenue, with net profits up by 433.8% to $53.4 million. In December 2024, it agreed to sell land worth $360.2 million to Durat Taibah Investment Company. In March 2025, it made another land sale agreement for $304 million with Azhar Company, planning to build a luxury hotel with over 1,900 rooms.
Published: 23th April 2025
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