12/08/2026
Emaar sales down 50%.
Aldar down 46%.
Modon up 260%.
Does that tell you who is stronger? Not really.
For me, 4 numbers matter:
Sales → Demand
Emaar 22.4B | Aldar 9.4B | Modon 23B
Revenue → Ex*****on
Emaar 23.9B | Aldar 12.4B | Modon 9.2B
Liquidity → Financial strength
Emaar 64B | Aldar 37B | Modon 8.6B
Revenue Backlog → Future visibility
Emaar 165B | Aldar 72B | Modon 65B
Don’t invest based only on a nice brochure. Understand the developer behind it.
I went through all 3 financial reports and made one simple sheet.
DM “REPORT” and I’ll share it.