Dubai Holiday-Home Operator Silkhaus Shuts Down, Citing U.S.-Iran War

Photo Credit: Dubai's economy heavily relies on tourism, and the coronavirus downturn could force the city into needing a financial bailout. Pixabay / shirazhenry Dubai-based short-term rental operator Silkhaus is shutting its holiday-home business as the U.S.-Iran war continues to depress international visitor arrivals, the company said on LinkedIn Friday. “After five years, Silkhaus will stop operating at the end of November 2026. This bright chapter has come to a close following the sustained regional conflict and its effect on travel across the GCC, which continues to impact all segments of tourism and hospitality,” Silkhaus said in its post. The war, which began in late February, is weighing on UAE holiday-home operators because international visito