The plane is just three years old and some reports suggest the hole was caused by a detached bolt in the nose gear.
In a statement about the incident, Emirates said the flight had experienced a "technical fault".
"One of the aircraft's 22 tyres ruptured during cruise, causing damage to a small portion of the aerodynamic fairing, which is an outer panel or the skin of the aircraft," it read.
"At no point did it have any impact on the fuselage, frame or structure of the aircraft. The aircraft landed safely in Brisbane and all passengers disembarked as scheduled."
Engineers replaced the fairing, then checked and cleared it, alongside Airbus and other authorities.
The plane returned to Dubai on Sunday according to the flight tracking services FlightAware and FlightRadar.
Twitter user Pontius Pilate has posted a video giving their followers a closer look at the hole. The video was cheekily captioned: "Anyone know the drag fuel factor penalty for this one?"
There you have it. A closer look at the hole – and yet another reason to grip your armrest and grimace the next time you take off…