Font Size

- Aa +

Mon 6 Mar 2017 10:37 AM

Font Size

- Aa +

Dubai's Emaar chairman hopes for a better year

Alabbar is "cautiously optimistic" about emirate's property market

Dubai's Emaar chairman hopes for a better year

Mohamed Alabbar, chairman of Dubai's largest listed real estate developer Emaar Properties, said on Monday he was hoping for a better year after a "tough" 2016.

Emaar, which built the world's biggest tower, the Burj Khalifa, has an $11.4 billion backlog of projects, he said at an investment conference in Dubai.

Alabbar also said he was "cautiously optimistic" about Dubai's property market in years ahead.

For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.