LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

Kering SA

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>.

'Dubai was a hotspot': how property managers are evacuating wealthy clients amid the war

A growing number of government-sponsored business events in key hubs across the Middle East are being postponed because of the nearly month-long U.S.-Israeli war with Iran, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-27/riyadh-dubai-delay-finance-events-as-iran-war-disrupts-region">noted</a>.

Dubai and Riyadh postpone major business conferences over war with Iran

For the last 10 years, the UAE has been the undisputed financial center of the Middle East and the place where projects from Russia and CIS countries are being developed. Dubai's government policy to attract investors has become a role model - other Gulf countries have actively copied the fintech and crypto-regulation of their tiny but insanely successful neighbor.

What's happening to businesses in Dubai during the war in the Middle East

Macy's, Inc.

The war in the Middle East has sharply reduced the flow of shoppers in Dubai's shopping centers, a key market for the global luxury industry, the Financial Times <a href="https://www.ft.com/content/f88f97cb-adc7-42d1-aae1-e4bf241d4961?syn-25a6b1a6=1">reports</a>. Amid attacks and logistical disruptions, some retailers have recorded a 60% drop in revenue and warned of the risks of a prolonged downturn.

War in the Middle East hits luxury: sales collapse in Dubai malls

An Iranian drone damaged the Dubai International Financial Center where the fund's employees work

Millennium hedge fund prepares to relocate staff from Dubai amid the war

Prada S.p.A.

The US-Israeli war with Iran has created a crisis for luxury brands in Dubai, according to analysts at Bernstein Research. According to their forecast, sales of luxury goods in the Middle East in March may halve due to a sharp drop in the number of foreign tourists, The New York Times <a href="http://www.nytimes.com/2026/03/19/business/dubai-luxury-shopping-iran-war.html">reports</a>.

Dubai crisis: how the war in the Middle East will affect luxury sales

Hotel occupancy in the emirate fell from 90% in the high season to around 16% by March 17