Dubai property prices could ‘fall 5 per cent’ as Emaar hotels rebound to 60 per cent and backlog tops $50bn
Dubai property prices are forecast to fall 5 per cent in 2026, while Emaar hotel occupancy rebounds to 60 per cent and its revenue backlog exceeds $50bn
Dubai property prices are expected to fall by 5 per cent in 2026, according to Arabian Business. Emaar, a major Dubai real estate developer, has seen its hotel occupancy rate rebound to around 60 per cent.
The company's founder and chair, Mohamed Alabbar, expressed satisfaction with the current occupancy rate, citing a significant decline during a previous conflict, before recovering. He attributed the current demand to an increase in international flights.
Emaar's revenue backlog has exceeded $50bn, as reported by Arabian Business. Alabbar anticipates a return to pre-conflict levels in the next 12 months, with some European carriers expected to resume flights to the region soon.
Brief written by urgent.news from Arabian Business, Gulf Times Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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