Real estate in Dubai may lose up to 70% of its value by 2026 The real estate market index has already fallen by 20%, wiping out all price increases from 2025. Potential buyers are unwilling to invest in assets that could lose another 30-50% of their value in the coming months. In the case of a prolonged conflict in the Middle East, property prices in Dubai could drop by 50% by the summer of 2026, and if the war continues, the decline could reach 60-70%. Dubai has already nearly emptied. Many investors from East Asia have moved their capital to Singapore and Hong Kong, while Europeans and Russians have started seeking refuge in Turkey, Thailand, and Cyprus. Escorts and info-peddlers, who once filled the city, have also left. Without them, demand for luxury real estate and services has fallen. Investors have started offloading assets at reduced prices. Geopolitical tensions, missile threats, and the closure of the Strait of Hormuz have turned Dubai into a risk zone. Even if the war ends quickly, Dubai will not return to its former levels. Its geographic location near Iran and Saudi Arabia has become vulnerable. The illusion of stability has been shattered.