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🇦🇪 United Arab Emirates /Economy & Trade

Dubai property prices could adjust 5% to 10% as new supply arrives by 2027, Alabbar says

From Khaleej Times · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Emaar founder Mohamed Alabbar said Dubai property prices could adjust 5% to 10% as significant new supply reaches the market by 2027.
  • Emaar unit cancellations rose from an average of 700 to 1,000 during a regional conflict, then fell to 550 after a ceasefire was announced.
  • Alabbar said Emaar continues to collect nearly 96% of payments that had initially been delayed and urged investors with available cash to examine opportunities in the UAE.

Dubai's property market could face a 5% to 10% price adjustment by 2027, when a large wave of new supply is expected to arrive. But Mohamed Alabbar, founder of Emaar and Noon, says the market could recover quickly if the current situation settles.

nice balance

· Mohamed AlabbarHe described the expected relationship between new housing supply and Dubai's property market by 2027.

Speaking at the AIM Congress 2026 in Dubai, Alabbar said the incoming supply should create a "nice balance" in the city. He described the potential adjustment as a response to "an extraordinary situation," while adding that the market could "pick up really fast" if conditions improve.

The regional conflict affected Emaar Properties' sales activity. The average number of unit cancellations rose from 700 to 1,000, Alabbar said. After a ceasefire was announced, cancellations fell to 550.

an extraordinary situation

· Mohamed AlabbarHe explained why property prices could adjust by 5% to 10%.

Alabbar also said the developer was still collecting close to 96% of payments that had initially been delayed, which he described as a pleasant surprise. He attributed the collection performance to customers' confidence in Dubai, its government and Emaar.

pick up really fast

· Mohamed AlabbarHe described the market's possible recovery if the current situation settles.

His message to international investors was to look for opportunities if they have limited debt and reserved cash. He said investors should consider the region as a whole, particularly the UAE, and expressed confidence in Dubai's continued growth and prosperity.

Our customers really trust this land. They really trust the government in here. They really trust what we do. And then they trust our company.

· Mohamed AlabbarHe linked Emaar's continued collection of delayed payments to customer confidence.
About this summary

Originally published by Khaleej Times in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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