Illustrative photo. A sharp decline in prices for elite real estate has been recorded in Dubai
On March 9, the index dropped another 4.75%, reaching a level of 13,354 points.
It is worth noting that on March 8, Iranian authorities confirmed a drone attack on the Marina hotel, located in Dubai's tourist zone, where, according to the Islamic Revolutionary Guard Corps, American military personnel were present.
Experts link the price drop to investors' reaction to the deteriorating situation in the region.
The President of the UAE, Mohammed bin Zayed Al Nahyan, stated that the United Arab Emirates is in a "state of war" in light of Iran's attacks.
