2022 in review: Reforms, Ukraine war drive boost in UAE’s real estate market - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Salim A. Essaid

Dec 27, 2022

A photograph taken in Dubai on January 4, 2022 shows the world's highest skyscraper Burj Khalifa. (Photo by GIUSEPPE CACACE/AFP via Getty Images) — A photograph taken in Dubai on Jan. 4, 2022, shows the world's highest skyscraper, Burj Khalifa. — GIUSEPPE CACACE/AFP via Getty Images

Boats are anchored in the Dubai Creek surrounded by high-rise buildings in the Gult emirate, on February 18, 2023. - Home to towering skyscrapers and ultra-luxury villas, Dubai saw record real estate transactions in 2022, largely due to an influx of wealthy investors, especially from Russia. (Photo by KARIM SAHIB/AFP via Getty Images)

UAE's Dubai ranks fourth in luxury residential sales in 2022

Salim A. Essaid

Russian President Vladimir Putin meets with United Arab Emirates President Sheikh Mohamed bin Zayed Al-Nahyan in Saint Petersburg on October 11, 2022. (Photo by Pavel Bednyakov / SPUTNIK / AFP) (Photo by PAVEL BEDNYAKOV/SPUTNIK/AFP via Getty Images)

UAE Central Bank revokes license of Russia's MTS Bank as sanctions tighten

Salim A. Essaid

Francois Nel/Getty Images

Dubai apartment prices soar, spooking expats

Salim A. Essaid

This picture shows a man monitoring the board at the Saudi Stock Exchange Market (Tadawul) bourse in Riyadh, on Dec. 12, 2019.

Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business