Expectations of a 15% correction in Dubai real estate prices are “unrealistic”… and demand is high

Emaar founder Mohamed Alabbar said that the expectations of some credit rating companies such as Fitch about a correction in real estate prices in Dubai of up to 15% are “unrealistic,” according to the data he has, indicating that there is great demand coming.
He added in an interview with CNBC that the real estate units that will enter in the period 2026-2027 will be beneficial to the market, and investment in the UAE is a long-term investment, not a short-term one.
He said that raising prices significantly is not a good thing, as happened in the past, when they rose sharply and fell sharply, saying: “I am in favor of an increase ranging between 5 and 6%, and this helps stabilize the market.”