Alabbar shares he has 'no concerns' on UAE property market

Photo by CNBC

Emirati businessman Mohamed Alabbar has stated that he has "no concerns" about the property market in the UAE amidst the ongoing regional developments.

Speaking to CNBC, Alabbar noted that while there might be a "cooldown", the market will not face any major conflicts.

Further commenting on the effect of capital and markets, Alabbar shared that people with "true capital" will "double down" on investments.

The businessman also revealed his thoughts on the regional developments as a whole, highlighting the safety of the UAE and its systems. 

 

More from Business

Coming Up on Dubai Eye

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

  • Afternoons with Helen Farmer

    1:00pm - 4:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!