Purchases from Russia made up 17% of overall investments in July, up three times from the beginning of the year.
Real Estate investments from Russia have almost tripled over the last six months from 6% to 17% in Dubai.
This is indicative of a rise in overseas investments from Russian visitors and a renewed interest in the emirate as an investment hotspot.
This significant upward trend in Dubai’s Real Estate sector has been observed by PropertyTrader.ae. Russia has always been a key market source for Dubai, what with the city’s vast array of luxury property in communities like the Emirates Hills and the Palm Jumeirah.
“As we looked at the statistics for the first six months of 2016, we noticed a definite increase in visitors from Russia looking at homes for sale in Dubai,” said Sales Director at PropertyTrader.ae, Umer Ali.
“This ties in with just published research by Russian real estate agency Tranio, which placed Dubai at the top of the most popular cities for prospective property investors right now.
Russia’s interest in Dubai’s property fell heavily with the record fall of the Ruble earlier this year due to the oil price plump.
However, statistics published by leading Dubai real estate portal PropertyTrader.ae for the first half of 2016, have revealed a significant rise in overseas enquiries from Russian visitors – indicating a renewed interest in the emirate as an investment hotspot.
