Russian oligarchs fleeing sanctions are house hunting in Dubai
![]() 336 Saturday, 09 April, 2022, 12:18 As millions of Ukrainian refugees flee their war-torn country to Poland and western Europe, Russian oligarchs are fleeing—via their luxury yachts and private jets—to a different location: Dubai. Displaced by sanctions and unwelcome in the West, Russian billionaires are on the hunt for luxury properties in Dubai, lured by the Emirate’s glitzy beaches, flexible visa program and pledged neutrality on Ukraine, according to several Dubai-based real estate brokers who have shown properties to representatives of Russian billionaires. "We are getting increasing requests from Russian oligarchs,” says Şerif Nadi Varlı, the lead real estate broker at Vartur Real Estate, which has offices in Dubai and Turkey, another top destination for wealthy Russians looking to escape sanctions. “Those kinds of people are looking for bigger investments, they're scared to keep their assets in European countries." “We have seen some interest from oligarchs, not just in buying property in Dubai, but fully residing in Dubai,” says another broker, who asked to remain anonymous for concerns of breaking confidentiality agreements. |
Euro exchange falls below 59 rubles first time since June 2015
169Yesterday, 19:54Levi's suspends sales in Russia
201Yesterday, 11:00Rosneft says Germany's Schroeder steps down from board
48820.05.2022, 16:36Zurich Insurance to sell Russian business to local team
43720.05.2022, 11:18Recruitment agency Kelly Services will sell a business in Russia
40020.05.2022, 11:06Elon Musk’s SpaceX selling shares possibly to finance Twitter bid
34917.05.2022, 12:36The largest banks in Japan lost more than $2.7 billion due to anti-Russian sanctions
34417.05.2022, 12:18EU sanctions deal could still be weeks away, Borrell says
38316.05.2022, 23:48