Russian, British citizens top buyers of nonresidential property in Dubai

The war in Ukraine is driving more Russians to buy property in Dubai’s flourishing real estate market.
A picture taken on March 12, 2019, at the Palais des Festivals in Cannes shows a scale model of the city of Dubai.
A picture taken on March 12, 2019, at the Palais des Festivals in Cannes, southeastern France, shows a scale model of the city of Dubai, during the MIPIM international real estate fair for professionals. - VALERY HACHE/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Dubai’s booming real estate market is being abetted by the war in Ukraine. 

The Emirati real estate broker Betterhomes released a report Tuesday on Dubai’s real estate market in the third quarter of 2022. Russian citizens were the nationality with the most nonresidential real estate purchases in the quarter, followed by Brits, according to the report.

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