The U.S. and Israel strike Iran, Dubai suffers the consequences, Hong Kong welcomes a new round of wealth opportunities.

Unexpectedly, in the Iran war, the biggest third-party victim is not Japan, not South Korea, but Dubai, which was once flush with oil wealth.

Middle Eastern tycoons congregate here, favorite destination of global billionaires, Dubai—built from nothing in the desert—is being abandoned. Because the UAE is the largest U.S. military logistics and operations hub in the Middle East, Iran, now fighting like a cornered beast, has made the UAE a primary target for strikes.

Billionaires staying in Dubai's Burj Al Arab hotel are seeing shrapnel flying overhead, their rooms risking destruction by drones at any moment, forcing them into panicked flight at any cost.

The wealthy not only flee Dubai in person, but must also take their money with them; consequently, they dump real estate, causing local property prices to crash 30% in half a month; they dump stocks, causing the UAE stock market to plunge.

Dubai spent over two decades building itself into a global wealth haven and a Middle East security myth, only to see it completely collapse in just half a month.

Wealth doesn't disappear; it only flows. Switzerland, London, Singapore, and Hong Kong have become the safe havens absorbing Dubai's wealth, with Hong Kong being particularly prominent.

Over 300 billion Hong Kong dollars in capital have already flowed from Dubai into Hong Kong, and as the war intensifies, even more capital will continuously flow into Hong Kong.

Meanwhile, some gray money from the Middle East is flowing into Singapore, where oversight is more lax.

From this perspective, geopolitical security is the greatest safe haven for wealth. Dubai's meticulously cultivated wealth sanctuary over more than two decades has been destroyed in one fell swoop! #加密市场上涨