UAE’s property sector faces reckoning after Iran strikes
The UAE’s years-long property boom faces its first real test after Iranian missile strikes shattered the Gulf’s safe-haven aura, rattling investors and exposing how heavily Dubai and Abu Dhabi rely on offshore money to sustain their building spree. The attacks on airports, ports and residential areas in both cities have punctured the region’s reputation for stability at a moment when concerns about overheating were already surfacing. Developers that had been selling out off-plan launches within hours now confront a sharply changed demand backdrop.