Michael J Tolan, chief executive of World Class Group, explained that the region's real estate sector is well placed to ride out the current turndown.
Speaking at the recent Dubai property investment conference 'Beating the Economic Meltdown, Wrestling Alligators in Dubai, he said the market is "dynamic, amazing and full or promise".
Mr Tolan told delegates that the "good solid regulations that Dubai has now adopted" will further strengthen the market and add to its ability to continue prospering in the global slowdown.
"The market will see a host of new services in this transformational period, and it will eventually be an upgrade of the whole market. The strong and innovative companies will pioneer the future road ahead," he added.
Similar sentiments have been expressed by a number of experts over recent weeks, with continued consumer demand for Dubai property expected.