INSUBCONTINENT EXCLUSIVE:
The number of Russians who own real estate in Dubai (United Arab Emirates, UAE) has quadrupled in two weeks, according to reports by
the last two weeks there has been a surge in Russians buying and renting properties, with the most popular real estate purchases in the
have fled the country, with Dubai a popular destination for wealthier Russians.Dubai has become an increasingly popular tourist destination
for Russian holidaymakers in the past five years, due to its relaxed visa laws and package tours.Russians were among the top purchasers of
Dubai real estate before the war, and as the Gulf state has avoided taking sides on the Ukraine crisis, not sanctioning Russia and keeping
its airspace for Russian aircraft open, the UAE has become an increasingly attractive proposition for Russians looking to buy real
Emirati property magnate Hussain Sajwani said in an interview with CNBC.A report by Reuters found that Emirate Crypto firms have been
inundated with requests from wealthy Russians in the last month as they seek to liquidate their safeguarded crypto fortunes and invest in
Instagram to complain about the cost of housing in Dubai
According to Gasanova, it is difficult to find a suitable place due to high demand and subsequent sharp rise in house prices in the Gulf
