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Many different videos of shootings from various parts of Dubai are coming in, and the Palm videos are very distressing. Honestly, Dubai is a place I really love to visit for tourism, and contrary to internet criticisms, I thought it was also very sensible to live there. But geography is destiny; there is no such thing as consistent peace near the Middle East. If another week passes with reports of rockets falling on a marina every day and the airport cannot open, then the bubble of the biggest real estate and tourism frenzy of the last 5-6 years will burst. Especially, a significant price correction in the flagship sector of real estate, which is the key to easy residency, seems inevitable… There will be a period where some will see the crisis as an opportunity for others. We can see crypto scammers and escorts returning to their home countries, and illegal Russian crews migrating to Antalya.
If Turkey’s crypto finance sector is managed with a holistic approach—just a little smarter—it could attract billions of dollars in investment by guaranteeing tax-free crypto transactions and establishing a city suitable for capital transfers with crypto…