Since the US-Iran conflict, the leading real estate stock in the UAE has dropped by more than 30%.
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格隆汇 March 17丨As the conflict between the US and Iran in the Gulf region continues to escalate, the UAE's long-standing reputation as a global elite "safe haven" has been severely impacted. Iran has launched attacks on airports, ports, and energy facilities in Dubai and Abu Dhabi, the two major cities, and even the iconic Burj Al Arab in Dubai was affected by missile debris, challenging the region's reputation for safety and stability. Since the US-Iran conflict began, the share prices of listed developers in Dubai and Abu Dhabi have plummeted. The share prices of Aldar Properties, Abu Dhabi's largest listed developer, and Emaar Properties, which built the world's tallest building, Dubai's Burj Khalifa, have both fallen by more than 30%, and the bond prices of major developers have also dropped sharply.
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