Dubai real estate boom risks Iran war

Capital Economics has issued a warning that the current boom in Dubai's real estate market is facing significant risks due to the ongoing conflict involving Iran. Escalating geopolitical tensions and potential regional instability could deter foreign investment and impact market confidence. This suggests that the vibrant property sector in Dubai may be vulnerable to external shocks, potentially leading to a slowdown or downturn if the conflict intensifies or expands, affecting buyer sentiment and transaction volumes.