08.03.2026 17:31
Rising tensions in the Middle East have begun to affect Dubai's real estate and tourism markets. Following the attacks, significant discounts have been observed in housing prices and hotel bookings, with reports indicating a decline of about 35% in the real estate market. Experts suggest that due to uncertainty, investors are expected to turn to alternative markets such as Turkey and Northern Cyprus instead of Dubai.
Increasing tensions in the Middle East have begun to weaken Dubai's long-held perception as a "safe and attractive investment hub." The attacks occurring in the region alongside the war between Iran and the US and Israel have led to a noticeable slowdown in tourism and the real estate market.
PRICE DISCOUNTS HAVE BEEN MADE
In Dubai, which has become one of the favorite cities for investors and tourists in recent years due to high rental yields and luxury living options, significant discounts have started to be seen in both residential sales and the rental market following the attacks. It is reported that rental apartment prices on booking sites have dropped to around 500 lira per night, and some luxury hotels have also started discount campaigns to ensure occupancy.
"INVESTMENTS MAY SHIFT TO DIFFERENT COUNTRIES"
Hakan Akçam from the Real Estate Consultancy Association, speaking to NTV's Dilara Civelek, stated that the uncertainty in the region has created a noticeable stagnation in the Dubai real estate market. Akçam expressed that investors might shift their investments to different countries by selling due to loss of confidence, and that interest in Dubai could decrease, especially in the medium term.
TURKEY AND TRNC MAY STAND OUT
According to Akçam, the geopolitical risks in the region could affect the entire market due to the concentration of a large portion of the real estate sector in the Middle East in Dubai. During this process, it is expected that investors will seek alternative markets.
Experts evaluate that Turkey and the TRNC may stand out for investments that could exit Dubai. Thanks to their safe locations and ongoing construction projects, these two regions could become more attractive for investors.
"REAL ESTATE MARKET HAS DROPPED BY 35%"
Gökhan Taş, Chairman of Master Group, stated that the panic atmosphere created by the war has led to a decrease of approximately 35% in the Dubai real estate market. Taş expressed that the future of the market depends on the course of the conflicts, but that panic sales have also been effective in the decline.
According to experts, the deterioration of Dubai's long-held image as a "safe city" could lead to the disappearance of one of the most important factors supporting price increases in the real estate market.