Russian oligarchs fleeing sanctions are house hunting in Dubai
![]() 1420 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. |
Canada transfers US$1.7bn in revenues from frozen Russian assets to Ukraine
307Yesterday, 21:40Trump expected to sign executive order easing Syria sanctions
354Yesterday, 19:58"No wonder Putin found common ground with Iran" - Zelensky joins sanctions against Iran
471Yesterday, 09:34"Why did Armenia take such a position? Perhaps, not everything is smooth with us" - Lukashenko
117326.06.2025, 20:34#Hürriyet։ "Oil prices will rise if Iran closes the Strait of Hormuz"
196516.06.2025, 16:04Omani fund replaces Russia's Alrosa in Angolan diamond miner Catoca
246409.06.2025, 20:52World's highest railway bridge opens in India (video)
265907.06.2025, 21:19Trump says debt limit should be eliminated
257604.06.2025, 22:52