Emirati businessman Mohamed Alabbar, founder of Emaar Properties, stated that the new real estate units expected to be launched in the market during 2026 and 2027 will play an important role in enhancing balance within the real estate sector in Dubai. He explained that investment in the United Arab Emirates is primarily based on a long-term vision rather than quick and temporary gains.
Alabbar made these remarks during an interview with CNBC, discussing the impact of sudden increases in property prices. He stressed that such large jumps usually harm the market in the long run, noting that previous experiences have shown that sharp increases are often followed by significant declines.
He pointed out that stable and moderate growth in property prices is the best approach to ensure the sustainability of the sector, noting that achieving an annual increase ranging between 5% and 6% is considered a reasonable and appropriate level to support balance and stability in the market.
Alabbar affirmed that adopting this approach helps ensure continued growth and attract investments while maintaining the stability of the real estate sector in the United Arab Emirates.
