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Russians cooling on Dubai – Bloomberg ...News
Property investment has reportedly slowed due to rising rents and daily expenses Russians are scaling back their property investments in Dubai due to a rise in local prices and tighter US sanctions compliance policy in the emirate, Bloomberg reported on Thursday. Dubai’s property boom in the years following the Covid-19 pandemic has been one of the fastest in the world, fueled by investor-friendly reforms and a surge in demand. Russians in particular were among the top real estate buyers in the emirate after sanctions imposed over the Ukraine conflict effectively barred them from investing in Western countries.
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