Economy, life and real estate market in Dubai

100,000+ Russians arrived in Dubai in the last 3 months.
Russian buyers are increasingly attracted to Dubai's realty market. Main reasons:
  • Tax-free regime
  • Аffordable mortgage
  • Business opportunities are big incentives
  • Reduction of minimum amount of investment in real estate in Dubai to obtain a UAE resident visa
At the end of May, the most expensive villa in District One (https://t.me/axcapital_uae/1665) was sold to a Russian investor.
Dubai Investment Corporation (ICD) returned to profitability in 2021:
  • Revenue – $46.1 billion
  • Net Profit – $2.7 billion
  • The Net Profit attributable to the equity holder – $1.5 billion
Corporation revenue increased by 24.5% compared to 2020.
The Burj Khalifa skyscraper ranked 2 place among the most viewed attractions on TikTok.
The tallest building in the world has 1.9 billion views.

According to the travel website, Next Vacay:
  • 1 place - Disney World Orlando, USA
  • 3 place – Eiffel Tower, France
Sources: Zawya, IcdGov, TimeOut Dubai