Dubai's property market is showing early signs of strain amid the ongoing Middle East conflict, with analysts reporting a sharp drop in transactions and emerging price reductions.
Data from Goldman Sachs indicates that real estate transaction volumes in the UAE fell 37% year-on-year and 49% month-on-month in the first 12 days of March, as tensions linked to the war involving Iran, the United States and Israel begin to impact investor sentiment.
The conflict has challenged Dubai's reputation as a safe haven for global wealth, particularly after strikes affected parts of the Gulf region, including the UAE. Some property listings are already reflecting the shift, with discounts ranging from 12% to 15% reported by agents. One property near the Burj Khalifa was offered at $650,000, down from
