Published 3 months ago

Dubai Is Losing Its Allure For Wealthy Russians

Summary by Bloomberg

(Bloomberg) -- Two years ago, Dubai became a hot favorite with Russians looking to park money or build new lives after President Vladimir Putin’s invasion of Ukraine. That allure is now dimming as the cost of living in the glitzy emirate surges and its banks get stricter in enforcing US sanctions. Russian money flows into the United Arab Emirates — which Dubai is part of - are showing signs of slowing, according to bankers, executives and invest…

0 Articles

All

Left

Center

Right

Bloomberg

Dubai Is Losing Its Allure For Wealthy Russians

3 months ago·United States

Read Full Article

Adevarul

Dubai loses its charm for wealthy Russians: the cost of living has become too high for them.

The attractiveness of Dubai is now diminishing as the cost of living in the emirate lighthouse increases and as its banks become stricter in applying US sanctions.

3 months ago·Romania

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.