There was almost no effect on Pakistani property market. In fact, it benefitted in the following years after many Pakistani investors who had lost billions in Dubai real estate in 2008-09 turned towards home.
Pakistanis make third largest investors of Dubai RE with $10.6 bn after Indians ($29.8bn) and Brits ($14.7 bn). So any slightest shake in UAE market, whether it is slow down as happened in past few years, or a full scale bust, it is bound to bring capital back and injected into local market.
Our RE market has been exhausted after 2020-21 boom owing to amnesty and construction package incentives. Billions of dollars of black money went into building projects causing their mushroom growth. This oversupply will be slowly digested by the market in next couple of years.
To add insult to injury, govt has slapped huge taxes on RE trade this year. So market’s recovery period might be extended a bit more.