Iran war fears hit Dubai real estate, sales drop sharply

Dubai: Rising concerns over the Iran conflict have significantly impacted Dubai’s real estate market, with investor confidence declining sharply. According to market data, property transactions dropped by over 30%, while total transaction value fell by 36% within weeks. The Dubai Financial Market Real Estate Index also recorded a major decline, reflecting growing uncertainty. Experts warn the slowdown could be deeper, with some reports indicating up to a 70% drop in purchase demand. Developers are now offering discounts and flexible payment plans as market activity slows. Analysts say investors have shifted to a “wait and see” approach, which may continue affecting sales, pricing trends and overall market stability in the coming months.