The UAE’s property market is under pressure after Iranian missile strikes shook the Gulf, undermining the perception of Dubai and Abu Dhabi as stable investment hubs, Reuters reports. The attacks on airports, ports and residential areas have heightened concerns over the sector’s reliance on foreign capital.
Developers that once sold out off-plan launches within hours now face uncertain demand. Off-plan deals accounted for 65% of Dubai property transactions in 2025, according to Betterhomes, making foreign buyers critical to sustaining the market.
Shares of major developers fell sharply on Wednesday. Emaar Properties, behind downtown Dubai and the Burj Khalifa, and...