Tensions in the Middle East in recent days have also affected the region where many Czech and Slovak investors have been building their presence. It is therefore natural that clients are reaching out to us with questions about the current situation in Dubai and the potential impact on their investments.
According to available information, the United Arab Emirates are not a direct participant in the conflict, and the attacks were aimed at American military bases. Since 28 February, the UAE air defence has intercepted 152 out of 165 ballistic missiles and destroyed 541 drones. Debris from some missiles also hit civilian areas, including part of Jebel Ali. The situation therefore remains active, but without direct strikes on residential districts or commercial infrastructure.
“We perceive the situation with full seriousness. At times like these, it is crucial to work with verified information and closely monitor the response of state institutions, security forces and infrastructure,” says BuyDubai CEO Denis Karásek.
Airports were temporarily closed, while Dubai International (DXB) resumed limited operations from the evening of 2 March. Flights are currently available only to passengers with confirmed departures, and travelling to the airport without notification from airlines is not recommended. Full operations have not yet been restored.
Schools have switched to distance learning until Wednesday, 4 March, and the government has recommended remote work until Tuesday, 3 March, wherever possible. These measures can be seen as preventive steps in a period of heightened tension.
From an economic perspective, the private sector in Dubai continues to operate as usual. The DFM and ADX exchanges were closed on Monday and Tuesday as a precautionary measure. According to available information, developers and banks have not introduced any extraordinary measures, and key infrastructure is gradually returning to normal operations.
“At this stage, it is natural to expect increased caution and the postponement of certain decisions. In times of uncertainty, investors typically wait and evaluate information more carefully. It makes sense to follow developments over a broader time horizon and avoid hasty conclusions,” Karásek adds.
Short-term tensions may be absorbed by the market without significant impact; however, in the event of prolonged escalation, broader economic implications would need to be reassessed. Current signals indicate that defence mechanisms are functioning and key parts of the economy remain stable.
We do not underestimate the situation, but we also do not give in to panic. We continuously monitor developments in the United Arab Emirates based on official statements from local authorities and verified international sources. We remain in close contact with our clients, providing up-to-date information regarding their investments and ongoing transactions.
Do you have specific questions or would you like to arrange a personal consultation? Do not hesitate to contact us.
