Brief
Emaar founder says regional crisis will pass and UAE will emerge stronger
Alabbar highlighted Emaar's performance during the conflict and warned against deep discounts.
By Felo News Desk · Published
Speaking at the Rise summit in Dubai, Emaar founder Mohammed Alabbar said the regional conflict will pass and the United Arab Emirates will emerge stronger. He referenced the UAE’s past resilience during the 2008 financial crash, the September 11 attacks and the Covid‑19 pandemic.
Alabbar noted that Emaar’s usual sales of about 4,000 units a month saw cancellations rise from 600 to 1,200 during the crisis, but cancellations have now fallen back below 600. He said the developer holds roughly Dh170 billion in pre‑sale backlog and that most buyers are still paying on schedule, similar to 2025 levels.
The founder added that hospitality occupancy sits at 60‑65 percent, lower than the 20‑30 percent growth seen in recent years, and rejected calls for large discounts, saying a 30 percent cut would be unfair to existing customers.
Key facts
- Mohammed Alabbar said the regional conflict will pass and the UAE will emerge stronger. (khaleejtimes.com)
- Emaar normally sells about 4,000 units a month and sees around 600 cancellations; cancellations rose to 1,200 during the conflict but have now fallen below 600. (khaleejtimes.com)
- Emaar has a backlog of roughly Dh170 billion in pre‑sale contracts and most payments are being made on time. (khaleejtimes.com)
- Hospitality occupancy at Emaar is currently 60‑65 percent, below the 20‑30 percent growth of recent years. (khaleejtimes.com)
- Alabbar rejected discounting, saying a 30 percent discount would be unfair to existing buyers. (khaleejtimes.com)
Sources
- [1] khaleejtimes.com — originally reported as “Crisis will pass and UAE, region will emerge stronger, says Emaar founder”
