Iranian Attack Slows Dubai Real Estate Boom as Daily Apartment Sales Drop Sharply
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Dubai's real estate market has slowed significantly following attacks on Iran, with daily apartment sales dropping 40 to 45 percent compared to February levels. According to local real estate brokers, apartment prices in the luxury Dubai Marina district have already begun declining noticeably. Despite the volatility, market analysts estimate the real estate sector will weather the current turbulence. Several prominent Slovaks, including politicians from the Počiatkovci and Výbohovci parties as well as Boris Kollár, are among those who have purchased luxury properties in Dubai.