Middle East conflicts or heavy blow to UAE property market, UAE real estate giant's stock price plunges more than 30%.

Financial information and analysis provider S&P Global recently stated that the development momentum of the real estate market in the United Arab Emirates will suffer a significant blow due to the continuous escalation of tensions in the Middle East. Data shows that the stock price of the well-known real estate developer Aldar Properties Group in the country has fallen by over 33% in the past month. S&P Global indicated on the 16th that the easing of tensions in the Middle East has slowed down the development momentum of the residential real estate market in Dubai, and residential prices will decline. With the decrease in property prices and investors' intention to sell properties, secondary market trading volume will become more common, and the purchasing intentions of affluent and luxury home investors may be severely affected. S&P Global further pointed out that prices in all residential submarkets in Dubai are expected to experience a certain degree of decline, and the longer the conflict continues, the more pronounced this downward trend is expected to be. In addition, some real estate development projects in Dubai may also be cancelled. However, due to the relatively strict real estate regulatory laws in the UAE, it is expected that the market will not experience a situation similar to the collapse in 2008.