Muhammad Albar is approaching the launch of a real estate investment fund.

Mohammad Alabar moves closer to launching a real estate investment fund

The economy of businessman Mohammad Alabar

British journalist Anil Buril suggests that Emirati entrepreneur Mohammad Alabar, a well-known real estate developer in the region, is planning to launch a real estate investment fund. The British journalist mentioned in his article on the Arabian Business website that Alabar has finally done what we have been expecting him to do for 28 years - launch his own real estate fund. He has been looking for local successes to reverberate on the world stage.

Alabar told Arabian Business last year that his next step would be to reward the real estate that has given him so much. Buril noted that when $300 million was raised overnight for the investment fund in 1995, the whole world was elsewhere and no one had heard of Mohammad Alabar then. He was a civil servant with no experience in real estate and at that time no one had heard of Emaar, which was founded only two years later.

Buril also noted that at the time there were no iPhones, no social media, no real estate boom, and Adrian Smith, the chief architect of Burj Khalifa, had to set up an engineering company to design the building. After 28 years, 15 iPhone models have passed and Dubai, the region and the world have changed beyond recognition.

Mohammad Alabar's successes

He noted that Emaar under Mohammad Alabar's leadership has been able to strengthen the real estate story with projects from Dubai Marina to Downtown Dubai, and Alabar's huge project in Eagle Hills has led to significant changes in 9 countries.

He emphasized that Mohammad Alabar has yet to launch another real estate fund, and with international projects, especially in Eastern Europe and Egypt, now could be the perfect time to do so. The only thing missing is enthusiastic investors looking to put their money into real estate. If it managed to raise $300 million last time, surpassing the $1 billion mark should be an easy feat, but now is the perfect time to do it.

Recent data shows that the real estate market in Europe is now valued at $160 trillion and is expected to grow at an annual rate of 3.41%, reaching nearly $190 trillion by 2028. The market in China, where Alabar spends a lot of time, is valued at $130 trillion.

In the neighborhood where Alabar is located, where the market is less developed, the numbers are truly impressive. The average selling price of real estate in Dubai reached UAE AED 3,291,555 ($897,000) in August 2023 according to the latest data from Allsopp & Allsopp. Bourgeois noted that the UAE real estate market shows no signs of slowing down, but smart investors are also keeping a close eye on international opportunities and we are missing a new, exciting fund led by someone with an impressive track record in successful elections - projects, people and products.