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Dubai’s once red-hot real estate market is showing clear signs of weakening as the ongoing Iran war and a series of regional missile and drone strikes undermine the psychological belief that the city was immune from Middle East conflict.
After more than three weeks of sustained hostilities, housing sales in Dubai have slowed sharply. In the first half of March, property transactions in the emirate fell to about 6,129 units, down from around 8,199 in the preceding two-week period — a roughly 25 percent decline in volume amid rising…
