“We owe it to the city”: Emaar calls on brokers to revive real estate market

Alabbar outlined on-going benefits for UAE real estate investors, and steps being taken to stimulate the market

Emaar chairman Mohamed Alabbar calls on brokers to revive the real estate market
Emaar
Emaar chairman Mohamed Alabbar calls on brokers to revive the real estate market

The chairman of Dubai Financial Market-listed real estate giant Emaar Properties, Mohamed Alabbar, has told real estate brokers to join him in fighting to revive the industry, as the UAE gradually eases COVID-19 restrictions.

In the second of a series of calls with key Emaar stakeholders, Alabbar said: “We are in this together and we owe it to the city and to the country to work harder than ever to revive the real estate market.”

Alabbar outlined a series of on-going benefits for UAE real estate investors, and several steps being taken to help stimulate the market.

He added: “You, the agents, are ambassadors for Dubai and the UAE. We will do everything we can to support you with new and out of the box ideas.

“Whether it is through innovative digital offerings or focusing on the world class infrastructure and connectivity that the UAE offers, I urge you today – do not sit still; grab this opportunity and work with us.”

One of the most well-known faces of the UAE, Mohamed Alabbar, has ranked at No. 6 in Construction Week’s recently released 2020 Power 100 list, which is a ranking of the Middle East’s 100 most influential construction leaders of 2020.

Over the past 12 months, the real estate developer continued its steady growth after recording a 1% year-on-year rise in 2019, with net profits reaching $1.69bn (AED6.2bn) compared to $1.67bn (AED6.1bn) in 2018.

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