Al-Abbar reports record UAE property demand
Mohamed Alabbar, founder of Emaar Properties, confirmed that the real estate market in the UAE has experienced a return to record levels of demand after a temporary decline during periods of regional tensions. The company's accumulated work portfolio is valued at approximately 180 billion dirhams, with a collection rate of 98% over the past year. He pointed out that reservation cancellations have dropped to fewer than 600 units per month following market stabilization, reflecting buyers' confidence in the resilience of the UAE market. Alabbar also emphasized that market stability depends on factors such as security, quality, and infrastructure. He highlighted the importance of increasing the use of artificial intelligence to face upcoming challenges and remain competitive in the coming year. Additionally, he stressed the need for long-term planning, utilizing local expertise, and maintaining pricing policies based on product quality and location.
Notice: This Is an AI-Generated Summary
Comments (0)