Dubai property market to find 'nice balance' as 2027 supply wave hits, says Emaar's Alabbar
Dubai: Dubai property prices could see a more balanced market in 2027 as a wave of new housing supply comes through , Mohamed Alabbar, founder of Emaar Properties, said, while stressing that his company is resisting discounts despite some developers offering price cuts ranging from 20 to 50 per cent. Sign up for our daily business newsletter, Cheques & Balances Asked about his outlook for Dubai…
Dubai real estate prices may stabilize in 2027 as a surge of new housing supply enters the market, according to Mohamed Alabbar, the founder of Emaar Properties. Despite some developers offering price cuts of 20 to 50 percent, Alabbar's company maintains a policy of no discounts, focusing instead on maintaining good product quality and strong cash flow.
Alabbar predicted a 5-10 percent adjustment in prices due to the extraordinary situation, but emphasized that supply will be a key factor in determining the direction of Dubai's property market. The UAE billionaire also highlighted the importance of housing affordability for the city's long-term growth and expressed confidence in the market despite regional conflicts.
Emaar's large development pipeline has provided valuable data during the conflict, with the company maintaining a strong focus on financial strength and low debt.
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