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Dubai's Emaar chairman hopes for better year after "tough" 2016
March 6, 2017 / 6:25 AM / 9 months ago

Dubai's Emaar chairman hopes for better year after "tough" 2016

DUBAI, March 6 (Reuters) - Mohamed Alabbar, chairman of Dubai’s largest listed real estate developer Emaar Properties , said on Monday he was hoping for a better year after a “tough” 2016.

Emaar, which built the world’s biggest tower, the Burj Khalifa, has an $11.4 billion backlog of projects, he said at an investment conference in Dubai.

Alabbar also said he was “cautiously optimistic” about Dubai’s property market in years ahead. (Reporting by Tom Arnold; Writing by Alexander Cornwell; Editing by Andrew Torchia)

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