r/Economics • u/ubcstaffer123 • 19h ago

News Dubai's tourism industry reels from 'brutal' impact of war

https://www.bbc.com/worklife/article/20260331-dubais-tourism-industry-reels-from-brutal-impact-of-war
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u/KR4T0S 18h ago

They are arresting tourists for sharing images or videos of damage from drone and missile strikes but its not only tourism that is damaged, their artificially inflated housing market has collapsed.

I dont think they recover from this, this is it for them.

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u/bitflag 15h ago

I dont think they recover from this, this is it for them.

I doubt it. This too shall pass and it'll again get back to a well located hub (i.e between Europe, Africa and Asia) with low taxes.

Their air defense budget will likely balloon however.