High-net-worth individuals leave Dubai amid regional tensions

Following the Iranian missile and drone activity over the region on Saturday, some wealthy residents have begun departing Dubai. The events led to the partial closure of UAE airspace and significant disruptions to commercial flights. Reports indicate that falling missile debris caused a fire at a luxury hotel near the Palm Jumeirah archipelago. One Turkish family, consisting of two adults and two children, reported paying $200,000 for transport to Geneva after driving to Muscat, Oman. This decision was driven by fears of regional conflict escalation, particularly concerns regarding potential involvement by Saudi Arabia. Many affected individuals are seeking to relocate to more stable locations until the regional security situation improves.