Ultra-Wealthy Flee Middle East on Private Jets Amid Conflict
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Ultra-wealthy individuals are paying up to $350,000 to flee the Middle East on private jets as the region grapples with conflict.
After joint US-Israel strikes on Iran, Tehran retaliated with missile and drone attacks targeting US facilities in the Gulf.
Rich elites in Dubai and Abu Dhabi are seeking private security companies for an exit route, with some willing to spend hundreds of thousands of dollars to reach Saudi Arabia and charter private planes to Europe.
Charter prices have surged due to high demand and limited availability, with flights to Europe now costing up to $350,000.
Dubai was among the Gulf areas struck, with debris from intercepted projectiles falling in parts of the city and a fire reported near the luxury hotel Fairmont The Palm.
Several airlines have suspended or extended cancellations of flights to Middle Eastern destinations, while Dubai International Airport confirmed minor damage to one concourse.