Since the US-Iran conflict, the stock price of UAE's leading real estate company has fallen by more than 30%.
As the conflict between the US and Iran in the Gulf region escalates, the long-standing global elite sanctuary image promoted by the UAE has been severely impacted. Iran's attacks on airports, ports, and energy facilities in Dubai and Abu Dhabi, as well as even hitting the iconic sailboat hotel in Dubai with missile debris, have challenged the reputation of the region known for its safety and stability. Since the start of the US-Iran conflict, the stock prices of listed developers in Dubai and Abu Dhabi have plummeted. The stock prices of Aldar Properties, the largest listed developer in Abu Dhabi, and Emaar Properties, which built the world's tallest building, the Dubai Burj Khalifa, have both fallen by more than thirty percent, and the prices of bonds of various major developers have also sharply declined.
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