Russia, Ukraine: Russian business billionaire fleeing Western sanctions for Dubai
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businessmen that the number of Russian businessmen and billionaires with wealth exceeds a billion dollars. Travel to Dubai The United Arab Emirates (UAE) has seen an unprecedented increase.
According to one report, statistics on Russian property purchases rose 67% in the first three months of 2022.
The UAE has not issued sanctions on Russia or criticized its invasion of Ukraine. It also granted visas to Russians who were not on the sanctions list. While many western countries have chosen to limit the entry of Russians
It is estimated that the number of Russians entering Dubai could be as high as the hundreds of thousands. But no official figures were released.
A Russian economist said that as many as 200,000 Russians could leave the country within 10 days of the start of the war.
An influx of Russians into Dubai has driven demand for luxury villas and apartments. Many real estate agents reported that The price increase was high due to the demand from the Russians.