Two thirds surge in Dubai property sales to Russians

Mark Battersby
clock • 1 min read

Property purchases in Dubai by Russians surged by 67% in the first three months of 2022, according to UAE property agents Betterhomes.  Virtuzone, which helps companies to set up operations in Dubai, told the BBC it had seen a huge surge of Russian clients. "We are receiving five times more enquiries from Russians since the war began," said chief executive George Hojeige. "They are worried about an economic meltdown that's coming. That is why they are moving here to secure their wealth," he added. The influx of Russian nationals has bolstered demand for luxury villas and apartme...

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