Russians buying less Dubai property – Bloomberg ...News

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Russians buying less Dubai property – Bloomberg
People from Russia had been among the top real estate investors in the emirate since the start of the conflict in Ukraine Purchases of Dubai real estate by Russian investors have been slowing in the third quarter of the year, after a sharp spike in the previous months, Bloomberg reported on Tuesday, citing top Dubai brokers. According to the report, instead of net buyers, Russians have now become net sellers of real estate, aiming either to repatriate the money gained on the Dubai property market rally or abandon mortgage deals they cannot afford due to a rise in local prices. “They’re taking profits,” Abdullah Al

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