Dubai's property market could see a "cooldown," one of the UAE's largest developers has said, as he insisted "smart capital" would keep investing despite Iranian missile strikes. Mohamed Alabbar, founder of Emaar Properties, the company behind the Burj Khalifa skyscraper, told CNBC's Dan Murphy that "there could be a bit of a cooldown, but I really don't see it," adding that the UAE's real-estate business is "not built on bank borrowing." "Bank borrowing is really restricted in this market.

Tag-uri: Real Estate