Dubai’s property market is going through a cycle that has led to a drop in prices, according to Emaar chairman Mohamed Alabbar.

In an interview with Arabian Business, Mohamed Alabbar hit back at suggestions that the property market was falling sharply. Mohamed Alabbar says that, this is a cycle, and cycles happen all the time. There is a lot of talk, but I only look at facts and deal in facts. If the question is are we doing better than we did in 2017, the answer is no. But we are doing ok.”

Alabbar add to that, This is human nature, we all want more. Whatever the price, we want it to be higher. But as His Highness Sheikh Mohamed Bin Rashid Al Maktoum keeps telling me, there is night and day and there is winter and summer. The question really is are you able to deal with your business and manage your business in this stage of the cycle? Because cycles come and go.

 

Source: arabianbusiness

 

 

Fulya Altunyay /realestatecoulisse.com

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