Dubai

Dubai airport passenger traffic drops 66% in March on Iran war

The development of the emirate’s Dubai World Central airport continues to progress

Dubai has assembled a powerful formula for attracting wealth, but the ongoing Gulf conflict has put geopolitical risk back at the centre of investors' minds.
THE BROAD VIEW

As war unsettles the Gulf, wealthy families reassess where to place capital and relocate

The UAE has long drawn mobile wealth and global talent, but investors may now be considering Singapore and Hong Kong

The number of residential transactions dropped to about 13,000 in March, from nearly 16,000 the previous month. 

Dubai home prices drop for first time since post-pandemic boom

Fall in March is an indication of the Iran war’s immediate impact on real estate in the city

The bonds are issued by entities linked to Dubai-based Binghatti Holding and Omniyat Holdings, with a 2027 issue from Binghatti coming in as the most distressed.

Six Dubai real estate bonds fall into distress as war rolls on

They represent about 15% of US dollar real estate bonds in the Middle East

Few shoppers are heading to the sprawling Dubai Mall at the base of the Burj Khalifa as the US-Israel-Iran conflict drags on.

In Dubai, the world’s luxury brands face a wartime crisis

Sales in the Middle East will be cut in half in March amid a sharp drop in foreign visitors, a report finds

The UAE’s real estate boom has mirrored Dubai’s rise, but there have been concerns that the market is headed for a slowdown after five years of rising prices.

Dubai property sector shows early signs of weakness

Some properties are already being offered at big discounts

Emirates says that it will continue to restore its network at pace, provided it can do so safely.

Emirates flying near-empty jets to Dubai as locals depart

Flights from destinations in the US and continental Europe have been impacted the hardest

The US-Israel war against Iran has thrown global aviation into turmoil, with flights cancelled, rescheduled and rerouted, while the crisis sends fuel prices soaring.

Fire near Dubai airport under control after drone attack, flights suspended

Gulf Arab states have faced more than 2,000 missile and drone attacks since Feb 28