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Sharjah24
Al-Obair: Emaar's projects worth 180 billion
The article discusses statements made by Mohamed Alabbar, Founder and Managing Director of Emaar Properties, regarding the company's performance and the real estate market in the UAE during 2026. He affirmed that Emaar's accumulated portfolio stands at approximately 180 billion AED, with collection rates rising to 98%, and real estate reservation cancellations stabilizing at fewer than 600 units per month after the regional tensions, compared to 1,200 units during the crisis. He indicated that the market's stability reflects buyer confidence, with the hospitality sector experiencing growth of over 60%. Alabbar also emphasized the importance of utilizing artificial intelligence and long-term planning in building residential communities, focusing on competencies and risk management to sustain growth and enhance the attractiveness of the UAE's real estate market.
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