Illustration: sharp decline in prices for elite real estate in Dubai
On March 9, the index fell further by 4.75 percent, reaching a level of 13,354 points.
It should be noted that on March 8, Iranian authorities confirmed a drone attack on the Marina hotel located in Dubai's tourist area. According to information provided by the Islamic Revolutionary Guard Corps (IRGC), American servicemen were present in the building at that time.
Experts point out that the price decline is a logical reaction from investors to the growing tensions in the region.
Earlier, the President of the United Arab Emirates, Mohammed bin Zayed Al Nahyan, stated that the country is "in a state of war" amid attacks from Iran.
