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4-Traders Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Dubai Investment PJSC    DIC   AED000601016

DUBAI INVESTMENT PJSC (DIC)
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Dubai Investment : property market bottoms-out, official says

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07/17/2017 | 11:59pm CET

Dubai’s property market has bottomed-out as investor sentiment continues to improve, said Khalid Bin Kalban, Chairman of Properties Investment and Managing Director & CEO of Dubai Investments PJSC on Sunday.

Speaking at a press event for Properties Investment’s Green Community West – Phase 3 project, Kalban said that the property market is “very stable” and that he thinks there is only positive indications as the market settles.

“There are a lot of positive indications that the market continues an upward trend, especially with massive infrastructure projects for Expo 2020 and other megaprojects fully underway,” he said.

Kalban mentioned however that the market continues to suffer from over supply, highlighting an uncertainty in measuring the exact demand at the moment.

He nonetheless expects more investment from GCC countries as opposed to European and Russian investors.

“Though Europeans and Russians are not flooding the market as before, we still see selective buyers from these regions in the real estate sector as well as in the stock market,” he added.

“And because foreign ownership keeps changing, we will continue to see a growing appetite from overseas investors.”

(c) 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( AED)
Sales 2017 2 904 M
EBIT 2017 1 165 M
Net income 2017 1 182 M
Debt 2017 950 M
Yield 2017 4,61%
P/E ratio 2017 9,20
P/E ratio 2018 9,06
EV / Sales 2017 4,05x
EV / Sales 2018 4,08x
Capitalization 10 800 M
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Dubai Investment PJSC Technical Analysis Chart | DIC | AED000601016 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 2,88  AED
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Khalid Jassim Mohammed bin Kalban Chief Executive Officer, MD & Executive Director
Suhail bin Fares Ghanim Al-Mazroui Chairman
Krishnamurthy Sundaresan Chief Operating Officer
Mushtaq Masood Group Chief Financial Officer
Hussain Mahyoob Sultan Al-Junaidy Vice Chairman
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