Dubai Homes Reasonably Priced Despite Record Surge, Emaar Says
Residential villas in Dubai.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Property prices in Dubai are still affordable when compared to other global hubs despite surging this year, according to the founder of Emaar Properties.
“You have to look at the prices of a global city like Dubai, compare it globally, prices in Dubai are really such a good deal,” Mohamed Alabbar said in a Bloomberg TV interview on Thursday. “Even with the increase, Dubai prices are still reasonable when you compare them with some of the global cities.”