The real estate market in the UAE will see prices levelling off this year, but will be more inclined towards end-user, developers said.

Emirates Business spoke to Mohamed Binbrek, Group Chief Executive Officer of Dubai Properties Group; Markus Giebel, Chief Executive Officer of Deyaar; Gurjit Singh, Chief Property Development Officer for Sorouh Real EstateCompany, Khaled Kalban, Managing Director and Chief Executive Officer of Dubai Investments, Imran Shaikh, Chief Executive Officer of Shaikh Holdings and Fahad Sattar Dero, Chief Executive Officer of Sweet Homes Group, all of whom unanimously said the government is taking due measures to ensure liquidity in the market that will spur the real estate market once again.

The real estate market in the country continues to witness growth, even if prices are at lower levels than in the recent past, developers said.

Dubai-based developers commended the legal framework and regulatory mechanism brought in by the Dubai Government, saying: “This will ensure greater stability for the industry and curb speculation.”

Tags: Real EstateDubai Property