Emaar says inflation won't hit UAE property demand
Dubai, June 9, 2008
Emaar Properties chairman Mohammed Alabbar said on Monday that property demand in the United Arab Emirates would not be affected by inflation.
"It will not impact (demand) because it is a global phenomenon," Alabbar told Reuters on the sidelines of a news conference.
Emaar, the largest Arab real estate company by market value, is behind major developments around the world including Burj Dubai, the world's tallest building.-Reuters