Russian, CIS Investors Account for Over 20% of Potential Homebuyers in Dubai

Russian, CIS Investors Account for Over 20% of Potential Homebuyers in Dubai

Driven by the influx of investors and families from CIS member states

Investors from Russia and the 11 other Commonwealth of Independent States (CIS) countries now represent more than 20% of potential homebuyers in Dubai with the average ticket size ranging from AED 2.5 million for individuals and AED 25 million for high-net-worth individuals (HNWIs), according to Dubai-based property consultants Mira Estate.

Tamara Getigezheva, CEO & Partner, Mira Estate, said: “The real estate investor pool in Dubai is shifting to a Russian-speaking set. We were able to quantify this shift and measure it by looking at the number of real estate leads we generate, as individuals registered their interest in our propertyy offerings across the city over the past 4 months.”