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People sit in a fishing boat sailing the Bab el-Mandeb Strait off of Yemen's southern Taiz province on July 25, 2026. [AFP]
Just over a year after moving to Dubai, Steve found himself moving unexpectedly up the property ladder, taking advantage of a cooling real estate market amid the Middle East war.
His new apartment is larger and closer to work than his previous resident, but the rent is nonetheless 15 percent cheaper, he said, using a pseudonym due to Dubai's sensitivity on the matter.
When he arrived in Dubai in 2025, "it was really difficult to get a place in this area and the rents had gone up by a lot", said the 35-year-old, who works in the media sector.
