Dubai luxury builder Omniyat says UAE stands ‘unshaken’ amid war risks

Gulf countries continue to face the fallout of the Iran war and the spreading regional conflict – putting the once-hot UAE property sector on red alert. Fitch Ratings placed Dubai luxury deevloper Omniyat on rating watch negative last week, reflecting that spreading geopolitical risk. Omniyat’s founder & executive chairman Mahdi Amjad explains why he believes the country and sector’s fundamentals are still solid.