Search

    Language Settings
    Select Website Language

    GDPR Compliance

    We use cookies to ensure you get the best experience on our website. By continuing to use our site, you accept our use of cookies, Privacy Policy, and Terms of Service.

    Dubai News | Dubai Economy Hit By War: Tourism Slumps, Property Prices Slide

    4 days ago

    The ongoing West Asia conflict is beginning to take a significant economic toll on Dubai. Since tensions escalated in late February, Dubai's real estate index has reportedly fallen by nearly 32%, with analysts warning that property prices could decline by as much as 30-40% if the conflict continues. Investor confidence is also weakening, with some wealthy Asian investors reportedly moving assets to financial hubs like Singapore and Hong Kong. The tourism sector - a key pillar of the United Arab Emirates economy - is also under pressure, with regional tourism losses estimated at around $600 million daily due to airspace closures and security concerns. 
    Click here to Read More
    Previous Article
    400 Dead After Hospital Hit in Kabul, Islamabad Rejects Claims
    Next Article
    Gold, Silver Prices Drop Marginally: Check Rates In Your City Today

    Related LatestVideos Updates:

    Are you sure? You want to delete this comment..! Remove Cancel

    Comments (0)

      Leave a comment