No concern over Dubai property market, Emaar Founder Alabbar says

It's the global business hub and its success, its limelight, its reflection of what life should be and what success should be, what prosperity should be, what positivity should be is this place. So I think it's only natural that people who basically hate life and people who have no respect for progress, they have no respect for good quality of life, they'll probably feel that this is probably one of their best targets. But thank God that won't happen.

Well, unfortunately, sometimes social media naturally takes its own direction and own toll in any situation. But I want to tell you something more. I want to tell you that if you were to look and study the trajectory of UAE policies, you will see consistency, sustainability, wisdom, stability, all for one purpose: to create an incredible life for the people who live here. And you couldn't build this over one year, two years. It took us over 40 years for the leadership to establish this. Therefore, that you can never take away. What makes it more interesting is that we know that this country has great infrastructure, great business regulation, great healthcare, education, tourism hub, all that. And we know that we are safe. But also the past days have proven that we are really safe. So to answer you, I promise you what happened will only strengthen what this country is all about.

Which means that if you think that we have good education system and good healthcare system and the rest of it, now you know that we are a really safe country. As you rightly asked me, why so much attack? But then I say, what an amazing safety system we have in place. So how much of the capital that came to the UAE during COVID and after Ukraine is now looking for an exit? See, if you were to look at the past two years, just look at our business, the real estate business alone, we had an increase of almost 70% in 2023. We had 40% in 2024, we have another 40% in 2025. So if you look at these three years, and we do about $25 billion of volume every year, you know we do big volume. So look at these numbers. So all I'm trying to tell you is that first of all it's too early to answer, but I want you to go back and look at the volume of increase that have taken place. And that volume of increase does not come out of the blue, and success doesn't happen by luck. Because of years of great policies and stability and confidence and fairness that exists in this country, and especially policies of dealing with COVID for example, that really have pushed this tremendous belief, I don't want to say growth, but a tremendous belief in this country and what the future holds. So therefore, let's be honest, it's quite an interesting and challenging situation. Smart capital understand that a country like this with all these principles and stable leadership and the safety that it has shown that it can deliver, right? Because even a person like me, I don't know much about our military services, but I am like over the moon with these capabilities, right? And I'm so happy for the safety for everybody, but I'm also so grateful for a leadership. For you to be this safe, you have to plan way ahead. And I think people with true capital, they understand this, they appreciate this, and they will double down on investing in UAE.

No, I'm not concerned for a reason that myself, I'm looking for one building, one apartment overlooking the sea that I didn't buy in. And the past two days I've been looking and it seemed like nobody want to budge, nobody want to give a discount. Truly, this is a true situation. I'll show you later. But no, I'm not concerned at all. As I told you, we've been growing 70, 40, 30% a year. And again, a situation like this, there could be a bit of cool down, but I really don't see any issues. Plus, remember, our real estate business is not built on bank borrowing. Bank borrowing is very restricted in this market. Consumer confidence will be shaken a little bit, but as I said, the policies of this country bring your confidence back so fast.