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Economy Local 2026-03-06T16:46:15+00:00

Emaar Founder Calls Dubai Real Estate Price Correction Forecasts Unrealistic

Emaar founder Mohamed Alabbar commented on forecasts of a 15% correction in Dubai's real estate prices, calling them unrealistic. He expects significant demand in the coming years and supports price growth of 5-6% for market stability.

Emaar Founder Calls Dubai Real Estate Price Correction Forecasts Unrealistic

Founder of Emaar, Mohamed Alabbar, stated that expectations from some credit rating agencies, such as Fitch, about a 15% correction in Dubai's real estate prices are "unrealistic" based on the data he has. He pointed to a significant incoming demand. In an interview with CNBC, he added that the residential units that will enter the market between 2026-2027 will be beneficial for the market. He also emphasized that investing in the UAE is a long-term investment, not a short-term one. He said that a significant price increase is not a good thing, as happened in the past when prices rose sharply and then fell sharply, stating: "I am in favor of an increase between 5 and 6%, which helps market stability."

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