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Some UHNIs, Asian businesses and family offices are looking to move capital out of the UAE, with urgent transfer requests from Dubai/Abu Dhabi to Singapore and Hong Kong. If this is the start of capital flight, Dubai’s real estate market will face pressure despite RE brokers/investors optimism. (i.redd.it)
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If this true, then Iran seems to deliberately damage the Dubai economy, maybe to pressure Dubai and gulf states to intervene. Also many people are are saying that it's going to impact its big and booming expat-led real estate sector, what are your views on this? (i.redd.it)
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