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Record property sales in Dubai

5 AUGUST 2022
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Imobiliárias Mediação Imobiliária Curiosidades
Russian oligarchs boost property sales by 51% in Q1 to $500m.
Record property sales in Dubai
A luxury real estate company in Dubai, professional when it comes to clients from Russia, marks a 100% growth in sales for the 1st quarter of the year, to $500 million. 

The UAE, chose not to break deals and properties with Russian oligarchs, unlike many other countries that the solution was to impose sanctions and appropriate assets of Russian oligarchs, or figures connected with Russian President Vladimir Putin. 

According to Tamara Getigezheva, CEO of Mira Estate, "the war in Ukraine and the impact of sanctions against Russian-speaking individuals and their businesses have led wealthy investors to flee their countries and find a refuge in Dubai," she further added that, "most property buyers are looking for waterfront properties."

In the month of April sales increased to 45 per cent proportionally and in May about 51 per cent, compared to the figures achieved last year. 

The United Arab Emirates, has opted to ease access to visas for tourists, by a historic agreement with Israel, this, in addition to opening the doors to the Russian people.
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