Two of Dubai’s largest real estate developers have expressed continued confidence in the local market, noting that demand remains strong and prices have shown no signs of a broad correction or selling pressure, despite recent regional tensions and rising construction costs.

Mohamed Alabbar, Managing Director of Emaar Properties, stated in an interview with Bloomberg that the company has not reduced its property prices “not even by a dollar,” and does not intend to do so.

He added that Emaar’s situation differs from that of developers who may be affected by rising debt, weak sales, or brand erosion.

Mohamed Alabbar explained that the company has about 40,000 clients, with total sales in progress amounting to $45 billion. He noted that requests for payment deferrals, which increased during the war period, have begun to decline, indicating improved buyer confidence.

He mentioned that Emaar Properties has around 90 projects under construction, proceeding according to timelines, with some usual delays from contractors.

He added that supply chains remain relatively stable, but the company decided to delay tenders for about six new buildings out of approximately 70 projects annually, anticipating potential logistical disruptions.

Mohamed Alabbar affirmed that this delay would not have a significant impact on the company’s operations, stating that the market remains resilient despite geopolitical tensions.

He predicted that the current impact would be limited to a temporary slowdown in tourism, followed by a quick recovery by October.

Amira Sajwani, Managing Director of Damac Properties, told Al Emarat Al Youm that the real estate market in Dubai is stable, with no signs of price correction or distress sales.

She added that the market’s sales in the first quarter of 2026 grew by about 30 percent compared to the same period last year, noting continued demand across various real estate categories.

She mentioned that Damac Properties continues to execute its projects on schedule, with the delivery of more than 8,000 residential units during 2026, alongside its global expansion in the data centers sector.

The statements from both companies indicate that major developers in Dubai do not currently view regional tensions or rising costs as sufficient factors to change pricing strategies or slow down core projects.