17.03.2026 New Publication: How the Iran War and Retaliatory Strikes Are Affecting Dubai’s Real Estate Brand

In a recent article in The Conversation, Mohammad Reza Farzanegan and Hassan F. Gholipour assess how the ongoing war between Iran and a US–Israel military coalition — and the subsequent Iranian retaliatory missile and drone strikes — are testing Dubai’s real estate–based growth model.

The conflict began on 28 February 2026 with coordinated military strikes by the United States and Israel on targets in Iran, which triggered a cycle of retaliation. In response, Iranian forces launched widespread missile and drone attacks on Israel, US military bases in the Persian Gulf, and neighboring states, including the United Arab Emirates (UAE). These retaliatory strikes have resulted in direct impacts on some GCC infrastructure and raised regional security concerns.

Dubai’s rise as a global hub has depended heavily on its image as a safe and stable destination for expatriates and international property investors. Real estate and construction sectors account for a significant share of its economy, with a majority of residents and property ownership tied to foreigners. The recent strikes have damaged landmarks and disrupted investor confidence, contributing to a sharp decline in property market activity. 

Unlike previous economic downturns, the current crisis is fundamentally a security shock, directly challenging the city’s core brand promise. If geopolitical instability persists and foreign demand weakens, Dubai may face long-term consequences for demand, valuations, and the sustainability of its real estate–driven expansion.

Vollständiger Atikel:
https://theconversation.com/real-estate-powered-dubais-rise-as-a-magnet-for-expats-can-its-brand-survive-this-war-278090