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Dubai luxury brands saw sharp sales drops due to rising tensions with Iran.
Luxury brands in Dubai saw a sharp sales drop in March 2026 due to rising tensions with Iran.
The Mall of the Emirates reported a 50% revenue decline and 15% fewer visitors, while the Dubai Mall also faced significant traffic losses.
This economic slowdown highlights how geopolitical instability affects high-end retail in the region.
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Las marcas de lujo de Dubai registraron fuertes caídas en las ventas debido al aumento de las tensiones con Irán.