India, March 12 -- Emaar founder Mohamed Alabbar dismissed reports of a potential 15% price correction in Dubai as 'very unrealistic,' noting that while consumer confidence may be 'shaken little bit, ' government policies typically restore it quickly.

Amid the ongoing US-Israel-Iran war and concerns about a cooling property market, Emaar founder Mohamed Alabbar said Dubai's real estate demand remains strong, with sellers holding firm on prices, highlighting the market's resilience despite geopolitical tensions.

Dismissing a potential 15% price correction as "very unrealistic," Alabbar, in an interview with CNBC, indicated that the new property supply expected in 2026 and 2027 could help moderate price growth and support sustainable long...