Emirati businessman Mohamed Alabbar, the founder of Emaar, has affirmed that the UAE’s real estate sector continues to perform strongly and maintain stability despite regional challenges.
In a recent interview, Alabbar said he had held a meeting with a contractor to implement a project worth more than AED5 billion, noting that high market demand does not currently allow for discounts or price reductions, reflecting the strength and momentum of the sector.
Alabbar said economic indicators confirm overall stability, with minimal price changes in real estate, limited impact on the stock market, and shopping centres registering visitor numbers close to normal levels.
He added that development projects are proceeding according to schedule and that work sites remain active, reflecting investor confidence and a stable business environment.
He stressed that the UAE’s economic strength extends beyond numbers to include work culture and social stability, noting that the period has reinforced confidence among workers and investors alike, thanks to sound government policies and the solid foundations on which the country was built.
