Economy, life and real estate market in Dubai

Economy, life and real estate market in Dubai

  • News
  • UAE News: 100,000+ Russians arrived in Dubai in the last 3 Months, Dubai Investment Corporation income and the most viewed TikTok attractions

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 ( 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

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