Dubai Real Estate Impact: Rizwan Sajan Says Market Stable Amid US–Israel–Iran Conflict

Amid escalating tensions in the ongoing US–Israel–Iran conflict and reported attack incidents in Dubai, Rizwan Sajan, Founder and Chairman of Danube Group, on Tuesday said the impact on Dubai’s real estate market is currently sentiment-driven and not due to any structural economic shift.

“For over three decades, Dubai has been my home, and I will always stand by this extraordinary city. Even in challenging times like these, we continue to feel safe and secure,” Sajan said in a statement.

He noted that Dubai has previously overcome major crises, including the 2008 global financial downturn and the COVID-19 pandemic, emerging stronger each time.

“Resilience is embedded in Dubai’s DNA. I am confident that our economy will continue to grow and thrive. Our leadership is doing everything possible to ensure that citizens and expatriates feel protected and at home,” he said.

Sajan said the Danube Group has so far accommodated over 450 stranded people in its buildings and hotels amid the ongoing situation and will continue to extend support to those in need. On the real estate sector, he said it would be premature to draw long-term conclusions. 

“At this stage, the impact appears to be driven more by sentiment than by any fundamental structural shift. While such developments may create temporary uncertainty, the underlying fundamentals remain resilient. I remain confident in a steady and sustainable path of growth ahead,” he added.