SOARING COSTS

‘Apocalyptic’ Dubai floods caused ‘$1billion worth of damage’ in a DAY after drowned city hit by worst storm in 75 years

Experts say the number could even rise to several billions

THE destructive deluge that engulfed Dubai on Tuesday could end up costing the glitzy city $1billion to clean up after the "apocalyptic" floods.

The torrential downpours left an airport submerged underwater, roads at a standstill and homes and businesses filled up with water as the cost of the damages begin to ramp up.

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Homes have been left surrounded by deep water as many residents face an expensive few weeks fixing all the issues caused by the floodsCredit: Reuters
A recovery truck draining some of the floodwater away as Dubai waits for the true extent of the damage to be revealedCredit: Reuters
Businesses have already had to take drastic measures as the floods wreck havocCredit: AFP
Residents have been forced to get around using boats as cars have been abandoned on the streetsCredit: Reuters

For Dubai, a years worth of rain fell in just 24-hours leaving the city woefully unprepared in infrastructure and flood prevention systems.

With the water only just beginning to clear up, Dubai is finally getting on the move again.

Billionaire businesses are desperate to reopen and recoup their losses from almost 100-hours worth of disruption but the clean up is going to continue to take its toll for a while longer, according to experts.

reported the worrying prediction saying their sources have pointed to damages potentially costing up to $1billion.

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This whopping figure is expected to take into account commercial damages for businesses and severe repair work needed on homes, cars and soaked stores.

It is also expected that the United Arab Emirates leadership will look to pump some of their own money into flood-proofing major cities.

As they look to avoid being left swimming around for solutions in the future if another flood happens.

UAE's President Sheikh Mohammed bin Nahyan sent out a public order calling for "authorities to quickly work on studying the condition of infrastructure throughout the UAE and to limit the damage caused".

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Dubai's kingpins are already set to embrace for the seismic costs it'll take to return the millionaire's playground back to normal.

Gary Hemming, an financial expert from ABC Finance also told The Sun: "Looking at the economic impact of the torrential rains in Dubai, it's crucial to consider several factors to estimate the potential costs of the cleanup and recovery process.

"These factors include infrastructure repair, business interruptions, and personal property losses."

Hemming has claimed that similar catastrophic events have cost countries billions in the past.

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