CNBC Top News·2 min read
The wealthy once rushed to Dubai. Now they're scrambling to leave
Wealthy expats flee Dubai amid rising tensions

Dubai, once a haven for the wealthy, faces a crisis as the U.S.-Iran war escalates. Recent attacks, including strikes on luxury hotels and the airport, have shattered its reputation for safety, prompting many expatriates to reconsider their future.
The fallout is severe: 81,000 millionaires call Dubai home, but the threat of violence is driving them away. With private jet demand skyrocketing, the city’s economy, reliant on foreign investment, is at risk of collapse if the exodus continues.
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