The real estate market in Dubai continues to demonstrate a high level of stability, with steady prices, resilient demand, and strong cash flows, said Mohamed Alabar, CEO of Emaar Properties and an investor also known to the Montenegrin public.
In a statement to Sky News Arabia, Alabar emphasized that the market remains “in good condition,” with a continuous inflow of value into the real estate sector.
Although stock prices have recorded a certain decline, the market shows resilience, and demand remains strong—further confirming the sector’s stable foundations, he noted.
Cash flows remain healthy
According to him, the cash flows of companies in the real estate sector remain stable and positive. This includes installment payments made by buyers for projects under construction, settlement of obligations to contractors, and servicing of bank debt.
Alabar pointed out that key collection indicators have currently dropped from 100% to around 85%, but that large and well-positioned companies have the capacity to cover this 15% gap thanks to years of strong business performance, as reported by Investitor.
Dubai Mall as a market barometer
A special indicator of stability, according to Alabar, is the footfall at Dubai Mall—one of the most visited shopping centers in the world.
Previously, it recorded around 250,000 visitors daily; during Ramadan about 200,000, while the current level stands at around 180,000.
Although a slight decline has been recorded, these figures still confirm stable consumption and market activity.
Temporary impact on tourism, but fast recovery
Alabar acknowledged that global developments have a short-term impact on tourism, but stressed that this is expected and temporary.
“The fundamentals of the economy and the institutional framework of the United Arab Emirates are set for the long term and are capable of withstanding shocks,” he said, adding that recovery in the UAE usually happens quickly, without damaging the country’s reputation.
Strong economy and outlook ahead
Finally, Alabar emphasized that the UAE has a strong and adaptable economy, with constant stability in terms of security and safety.
He expressed expectations that, after the current crisis ends, the market will gain additional momentum and enter an even stronger phase of growth.
