Forbes Middle East celebrated the Arab World’s top 100 real estate companies, reported Daily News Egypt.

The list includes public, private, and international real estate, as well as real estate consulting companies.

36 out of the top 50 real estate companies were from the Gulf region, including Emaar Properties that recorded the highest revenues of $ 3.7 billion and an assets base of $ 21.7 billion.

Damac Properties has recorded $ 1.2 billion, while Jabal Omar Development Co. has had the highest market value, according to the statement, recording $ 14.1 billion.

Khloud Al Omian, Editor in Chief of Forbers Middle East, has stated that the market is witnessing a shift from high-end luxury buyers to the middle-class segment of average consumers who seek affordable units.

The statement also read that the top companies list was created based on analyzing annual reports of those companies and their base country’s stock market, as well as metrics of market value, assets, profits, and revenues being used as evaluation data.

The top ten public real estate companies were Emaar properties, Damac Properties, Al Dar, Barwa, Ezdan Holding, jabal Omar Development CO., United Development Company, Talaat Moustafa Group Holding, Dar Alarkan Real Estate Development Company, and Douja Promotion Addoha Group.

While the top private real estate companies that made the list were ranked according to questionnaires, companies’ websites, research reports by real estate consultants, estimated revenue, number of employees, and date of establishing metrics, stated Amwal Elghad.

The statement also added that the top five private real estate companies included Qatar-based Diar, Dubai Properties, Wasl Asset Management Group (Wasl Properties), Nakheel, and Arenco Real Estate.

It also added that the top five real estate consultants were Tamleek Real Estate Company, better Homes, Edwards and Towers Real Estate Brokers, Allsopp and Allsopp, and Harbor Real Estate; while as for the top five international real estate consultants included Jill, CBRE, Cluttons, Knight Fank, and Chestrons.