In 2022, the Russians were the leaders among non-resident countries in buying real estate in Dubai.
As Bloomberg reports with reference to brokerage Betterhomes, last year in Dubai, 86 thousand real estate transactions were recorded, and beat a record 13 years ago, when in 2009 in this emirate was made 80 thousand real estate transactions.
It is noted that in 2022 the amount of real estate transactions in Dubai amounted to about 208 billion dirhams ($ 56.6 billion). That is almost 80% more than in 2021.
Betterhomes said the Russians began buying square footage in Dubai after the military announced the start of a special operation last February. Since then, real estate prices and the number of transactions have become record-breaking amid geopolitical and economic situations in other countries.
After Russians non-residents in the top 5 on the purchase of houses in Dubai are the Indians, the British, the French and the Italians.
Bloomberg noted that the Chinese citizens were left out last year due to severe coronavirus restrictions. However, it is believed that the Chinese will catch up in 2023.It is noted that in 2022 the amount of real estate transactions in Dubai amounted to about 208 billion dirhams ($ 56.6 billion). That is almost 80% more than in 2021.
Betterhomes said the Russians began buying square footage in Dubai after the military announced the start of a special operation last February. Since then, real estate prices and the number of transactions have become record-breaking amid geopolitical and economic situations in other countries.
In addition to Russians among non-residents in the top 5 on the purchase of real estate in Dubai are Indians, British, French and Italians.
Bloomberg noted that the Chinese citizens were left out last year due to severe coronavirus restrictions. However, it is believed that the Chinese will catch up in 2023.