Russians are the top buyers of properties from Dubai’s biggest developer, a sign that demand from investors seeking safe havens remains strong more than a year after Moscow’s invasion of Ukraine. Emaar Properties PJSC didn’t provide the exact percentage of Russian buyers in a first-half investor presentation, but showed them as the largest segment of the...
The Surge of Russian Investors in Dubai Real Estate. In recent years, Dubai’s real estate market has witnessed a significant surge in international investors, with Russian buyers taking the lead. The city’s attractive investment opportunities, coupled with geopolitical and economic factors, have made it a preferred safe haven for Russians seeking to diversify their portfolios....
DUBAI, July 29 (Reuters) – Dubai’s red-hot property market surged in the first half of the year as investors piled in, with Russians among the top five buyers as the emirate benefits from an influx of wealth in the wake of Western sanctions. The first half saw residential real estate transaction volumes up 60% with...
Rich Russians are trying to move some of their wealth from Europe to Dubai as a result of Western sanctions, financial and legal sources say. The sanctions are a result of the Russian invasion of Ukraine. Dubai, the Persian Gulf’s financial and business center, has long been a point of interest for the very rich. And...
Rich Russians are trying to move some of their wealth from Europe to Dubai as a result of Western sanctions, financial and legal sources say. The sanctions are a result of the Russian invasion of Ukraine. Dubai, the Persian Gulf’s financial and business center, has long been a point of interest for the very rich. And...