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"The Russians are buying everything right now, it's non-stop": Dubai, the new El Dorado for businessmen in exile


INVESTIGATION - Hundreds of companies have recreated themselves in the emirate to circumvent Western prohibitions. Businessmen go into exile there with their yachts and capital. Local real estate benefits.

A gigantic penthouse facing the blue sea paid cash 41 million euros.

Land on an artificial island for the ultra-rich, settled in one go for 26 million euros.

In Dubai, Russian money continues to flow, especially in superluxury real estate.


Steel, aluminum or oil magnates, who pay cash,

“in dollars or in cryptos, whatever the amount”

, says Inga Brykulska, who in a few months has become the number one seller of the real estate network. Luxury Driven Properties.

"The Russians are buying everything at the moment, it's non-stop"

, indicates the young woman.

The emirate known for its exuberant luxury has become a land of asylum for businessmen in exile fleeing the international sanctions that are not applied there.

According to a study by Henley & Partners, the United Arab Emirates welcomed no less than 4,000 Russian millionaires in 2022, many of them in Dubai, the main base for this wealthy diaspora.

In one year, the face of this confetti…

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Source: lefigaro

All news articles on 2023-03-27

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