This seems a huge win for Emirates and a big loss to all QF loyalists who fly to Europe (but not London)
Previously, Qantas pax from MEL/SYD flying to Europe could fly 14hrs on QF metal to DXB and then Another few hours on EK to their EU/Nth Africa/Middle East destinations - one stop.
After the change, EK pickup all the aussie European/Nth Africa/Middle East pax on the MEL/SYD-DXB legs (that previously may have been on QF metal). EK only give up Aussie pax to London, which they never really had and didn't need. EK already have a gazillion flights per day to the UK.
Yes, it is a little win for those UK bound Pax who didn't like the DXB airport, but really, how does this help loyal Qantas pax going to Europe. No wonder EK agreed to this, they just won a bucket load of aussie pax to fill their planes from Australia-DXB enroute to Europe.