Uae Economy

2 articles

Opulent but empty luxury shopping mall in Dubai, reflecting a significant drop in sales and visitor numbers due to regional conflict.

Luxury brands face profit squeeze as UAE malls feel Iran conflict impact

Sales at Dubai's Mall of the Emirates plummeted by 30% to 50% in March, a direct consequence of the escalating Iran conflict.

Luca Bianchi·April 14, 2026

Empty luxury storefronts in a Dubai mall, symbolizing a sharp decline in sales due to regional tensions and conflict.

Brands

Regional tensions send luxury brand sales tumbling in UAE

In March 2026, sales at Dubai's Mall of the Emirates plummeted by 30% to 50% compared to last year, a stark indicator of how quickly regional tensions, including the Iran conflict, are reshaping globa

Oliver Dane·April 13, 2026