The luxury sector entered 2026 with a collective expectation of rebound. After a period of headwinds, the industry was poised for growth. However, as the US-Israel conflict with Iran enters its fourth week in March 2026, those expectations are now under considerable pressure. What was once a clear path to recovery is becoming increasingly obscured by geopolitical instability.
This isn't merely a localized event. The Middle East, particularly regions like Dubai, had been cultivated as a
