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The cost of damage in Dubai is staggering. Even when the waters recede, the damage will take time to repair

2024-04-20 09:44:42Kosova&Bota SHKRUAR NGA REDAKSIA VOX

The cost of damage in Dubai is staggering. Even when the waters recede, the

The cost of the flood disaster in Dubai, and the UAE in general, earlier this week is staggering. The first estimate puts the cost up to $1 billion, but all indications are that it will go even higher.

The flood caused unprecedented disruption at Dubai airport, one of the world's largest, and traffic chaos on flooded roads. Heavy rainfall that fell within 24 hours is usually rainfall that falls within 1-1.5 years.

Losses of insurance companies, according to Insurance Insider, can reach several hundred million dollars.

Less than 15% of residents in the United Arab Emirates are believed to have home insurance, according to reports from The National News. Many were forced to abandon their cars by the floods, many of which were without insurance, the same sources said.

It should be noted that in Dubai in particular, most cars on the road are the epitome of luxury, which factors in the cost of damages.


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