Delta Air Lines, Inc.

Deutsche Lufthansa AG

While other airlines cancel thousands of flights, the Dubai-based carrier says it is in no hurry to cut costs

Emirates reports record profits amid airline industry crisis

Dubai International Airport (DXB), the world's largest international air hub, reported a 66% drop in passenger traffic in March as the war in Iran paralyzed air traffic across the Middle East, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-05-04/dubai-airport-passenger-traffic-drops-66-in-march-on-iran-war">writes,</a> citing a DXB statement.

Dubai airport passenger traffic collapses 66% in first month of war

The UAE's withdrawal from OPEC and OPEC+ was one of the most discussed news stories of the past week. Will both associations survive without such a large and influential player? What does the UAE's demarche really mean? And how will the decision to withdraw finally affect oil prices?

What analysts and economists write about the future of OPEC and oil prices

Housing prices in Dubai have<a href="https://oninvest.com/article/ceny-na-zil-e-v-dubae-snizilis-na-fone-vojny-vpervye-s-2020-goda"> gone down</a> for the first time since 2020. Bloomberg<a href="https://www.bloomberg.com/news/articles/2026-04-23/dubai-home-prices-post-first-declines-after-post-pandemic-boom"> attributes the</a> March drawdown to the pressure of the war on demand, but bank reports show that the market began to lose momentum even before the conflict. UBS points to a decline in new construction contracts, primarily due to the risk of oversupply in Dubai.<b> Bank of </b>America (BofA) against this background revised its forecasts for UAE banks: analysts expect weaker loan growth and higher risk costs.

What is happening in Dubai's real estate market and how does it affect UAE banks?

Foreign investors and wealthy expats have helped Dubai's real estate market become one of the most sought-after in the world. But now, amid the ongoing war in the Middle East, which has put pressure on demand, housing prices in the emirate - for the first time since the 2020 pandemic - have fallen, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-04-23/dubai-home-prices-post-first-declines-after-post-pandemic-boom">writes</a>, citing data from Dubai-based consulting and research firm ValuStrat.

Dubai home prices fall amid war - first time since 2020

Kering SA

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

Moncler S.p.A.

Burberry Group plc

Brunello Cucinelli S.p.A.

Compagnie Financiere Richemont SA

Hermes International Societe en commandite par actions

Luxury can no longer be bought as a single investment basket - the war in the Middle East has returned it to the category of consumer discretionary, i.e. cyclical consumer sector. Dynamics are again determined not so much by the strength of brands as by tourist flows, currencies and consumer sentiment in the US and China. Alena Nikolaeva, an independent portfolio manager for global markets, wrote for Oninvest how to invest in luxury now that the sector is no longer unified and no longer gives a "quality premium" by default

Why you can't just "buy luxury" anymore: How to invest in luxury brand stocks after the war in the Middle East

Sales of European luxury brands in Dubai and Abu Dhabi shopping centers fell significantly last month amid the conflict with Iran, which has hit one of the fastest-growing regional markets in the global luxury industry, totaling about $400 billion, Reuters <a href="https://www.reuters.com/world/middle-east/luxury-brands-face-profits-squeeze-iran-conflict-shrinks-dubai-mall-sales-2026-04-13/">reported,</a> citing industry sources.

Sales of luxury brands in Dubai malls fell 50% in first month of war - Reuters

The restrictions will be in place until Ma. 31

Dubai to allow foreign airlines no more than one flight per day - Reuters

Emaar Properties PJSC

The Dubai Stock Market (DFM) index <a href="https://www.dfm.ae/">jumped</a> 8.5% at the open on Wednesday on news of a truce between the US and Iran. The UAE has suffered the heaviest bombardment from Tehran during the war in the Middle East - even Iran has fired fewer missiles and drones at Israel. Movchan's Group senior partner Elena Chirkova <a href="https://www.facebook.com/e.v.chirkova/posts/%D0%B2%D0%BE%D1%82-%D1%87%D1%82%D0%BE-%D1%8F-%D1%85%D0%BE%D1%87%D1%83-%D0%B2%D0%B0%D0%BC-%D0%B4%D0%BE%D0%BB%D0%BE%D0%B6%D0%B8%D1%82%D1%8C-%D1%83-%D0%BD%D0%B0%D1%81-%D0%B5%D1%81%D1%82%D1%8C-%D0%B8%D0%BD%D0%B2%D0%B5%D1%81%D1%82%D0%B8%D1%86%D0%B8%D0%B8-%D0%B2-%D1%84%D0%BE%D0%BD%D0%B4%D1%8B-%D1%80%D0%B0%D0%B1%D0%BE%D1%82%D0%B0%D1%8E%D1%89%D0%B8%D0%B5-%D0%BD%D0%B0-%D0%B1%D0%BB%D0%B8%D0%B6%D0%BD%D0%B5%D0%BC-/26298738293116773/">publishes a</a> version of why on her Facebook page.

Why has Dubai become Iran's top target? Here's what investors in the Middle East think

Dubai's benchmark stock index Dubai Financial Market General Index rose by 8.5% at its April 8 high, demonstrating the largest intraday growth since December 2014, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-04-08/dubai-stocks-soar-most-in-a-decade-on-iran-war-ceasefire-relief">noted</a>. Such dynamics it showed on the background of active purchases by investors of shares of local developers and banks after the U.S. and Iran <a href="https://oninvest.com/article/ssa-i-iran-soglasilis-na-dvuhnedel-noe-peremirie-cena-nefti-wti-ruhnula-na-16">agreed</a> on a two-week truce in the war in the Middle East, <a href="https://www.bloomberg.com/news/articles/2026-04-08/dubai-stocks-soar-most-in-a-decade-on-iran-war-ceasefire-relief">writes</a> Bloomberg.

Dubai stocks post highest rise in more than a decade amid truce with Iran

A fire broke out on a tanker - bringing the total number of ships attacked in and near the Persian Gulf since the start of the war to at least 23, the Financial Times has calculated

Iran strikes a loaded oil tanker at Dubai port

Wealth managers and family offices are taking wealthy clients out of the Middle East amid the war in Iran, organizing private flights and even armed guards, the Financial Times <a href="https://www.ft.com/content/bfb8559d-ecdc-4c6d-ae3d-b862b3cd9ea7?syn-25a6b1a6=1">writes</a>, citing market participants. The companies have actually taken over the functions of emergency services for their clients, helping them to leave the UAE, Israel and other countries in the region where the security situation has sharply deteriorated, the Financial Times <a href="https://www.ft.com/content/bfb8559d-ecdc-4c6d-ae3d-b862b3cd9ea7?syn-25a6b1a6=1">notes</a>.