The concerted efforts of the Dubai government have helped manage the supply pipeline, said Emaar Chairman Properties Mohamed Alabbar. Dubai’s property sector will continue to emerge as a more mature market in 2015, with the real demand now coming from end-users and long-term investors, Chairman of Emaar Properties has said.
“The concerted efforts of the Dubai government have helped manage the supply pipeline, and at the current trends of population and tourism growth, demand is set to remain healthy,” Mohamed Alabbar wrote in a column published by Arabian Business.
He added there was no reason for panic though there were reports of the market softening as rents and prices stabilise.
“In 2013 we saw the property market heating up again. Demand spiked and the supply stakes broadened. Having learnt our lessons from the past, we did not let the market go berserk.”