Dubai's luxury real estate segment is experiencing exponential growth, driven by rising demand from Russian and Chinese investors. As geopolitical tensions and economic uncertainties persist in their home countries, wealthy individuals from Russia and China are turning to Dubai for high yields and a safe haven for their capital. Transaction volumes have increased significantly in luxury segments, with Al Barrari witnessing a 400% rise in property deals at investment locations. Chinese and Russian buyers have become prominent players in Dubai's high-end property market, with Chinese investors making up 8% of total sales this year. Short-term rentals are also on the rise, particularly among Russian tourists. This trend is expected to continue in the coming years, making Dubai an attractive investment destination for the ultra-rich.
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Dubai's real estate sector witnessed a significant sales increase during the summer season, with AED 102 billion ($27.8 billion) in sales, according to data from W Capital. The summer sales figure represents a 50% increase compared to the same period...
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