Best open a support case, or involve your Microsoft account manager.
Move Office 365 data to new datacenter

Hi Experts,
I'm from UAE, we're running Office 365 and while creating the tenant I selected the Europe region because at that time the United Arab Emirates data location was not available, now Microsft has launched their data center in UAE. Due to compliance issues, we want to move the Office 365 data to my country, how can it be possible?
According to the articles below, this option was provided at the time of UAE country launching but is now unavailable.
https://office365atwork.com/admin/migrate-core-data-to-new-datacenter-geos/
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2 answers
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Vasil Michev 119.6K Reputation points MVP Volunteer Moderator
2022-07-19T13:08:01.83+00:00 -
Amit Singh 5,306 Reputation points
2022-07-20T11:19:11.55+00:00 It is not possible to change the signup country associated with your tenant. Instead, you must create a new Microsoft 365 tenant with a new subscription and manually move your users and data to the new tenant.
@Vasil Michev suggested the best solution for you.