Russians started buying property in Dubai because of the relaxed tax policy, absence of sanctions and high standard of living. News.ru about it declaration Dmitry Teplykh, managing director of real estate agency Est Capital.
“The attractiveness of this market is that it offers ideal conditions for investment, the absence of restrictions and sanctions, good conditions for business and a high standard of living, and not to mention interest-free installments for the purchase of housing,” Teplykh said.
According to him, Russians often buy studios or one-bedroom apartments for investment. Two-bedroom apartments are often bought by those who will live there with their families. At the same time, the minimum investment to enter the market is $150,000.
He added that the Dubai real estate market will continue until 2023. This will happen due to the increase in demand and rental costs in the background of the geopolitical crisis in the world.
March 28 “Lenta.ru” refers to data from a study by Dubai-Realty.com knowledgeableHe reported that in February 2023 Moscow and Moscow region residents reduced demand for real estate in Dubai (UAE) by 14.94%. At the same time, the February result was 85% higher than the same period last year.