u/GlassSubmarine

I’m actually a big fan of Dubai, and as a Western expat I genuinely want to invest here. I have around $1 million that I could put into property, but the longer this war drags on, the more hesitant I become.

Why would I put my hard-earned money into a market where missiles are being fired towards the country, residents are being told to seek shelter, rents and prices have already taken a hit, and I don’t feel I can get a completely transparent picture of what is actually happening because of the limits on independent media?

I’m not saying Dubai is doomed or that people should panic... far from it. I’m asking a much simpler question: is it sensible to pretend none of this matters?

I keep seeing people on here saying “Dubai is perfectly safe, nothing to worry about,” but if I’m investing $1m, I want somewhere that feels safe, stable and transparent.

For the first time, I’m seriously considering just keeping the money out of Dubai until this conflict is over and there is more clarity. And I suspect there are plenty of other investors quietly thinking the same thing.

Anyone here experience this in 2008?

"Dubai's real estate brokerage sector is

entering a sharp period of consolidation as the market

slowdown squeezes smaller agencies, with industry

executives warning that thousands of firms may disappear

over the coming months.

A leading property search platform has predicted that up

to 30 per cent of agencies active earlier this year could

cease operating within the next five to six months as the

downturn reshapes the emirate's property sector.

Executives from some of Dubai's largest brokerages said

the market correction, which follows a six-year boom in

property prices, is exposing weaknesses among smaller

and less experienced operators that flourished during the

bull run.

Richard Waind, CEO of Cencorp Group,which owns

Betterhomes, CRC and Lindas Real Estate, said the industry

had expanded to an unsustainable level during the recent

boom years."

LINK: https://www.instagram.com/p/DYjFY\_RiNDx/?igsh=aXU3bHJ1NHVndmRj