In recent months, mortgage rates in Russia have skyrocketed to 18%, pushing potential homeowners to explore investment opportunities abroad. This surge in mortgage rates has triggered a wave of high-net-worth individuals and middle-class buyers from Russia to look for more favorable markets, with Dubai emerging as a clear frontrunner.
Dubai’s real estate market offers a stable political and economic environment, tax-free income, and robust infrastructure, making it a highly attractive option for Russian buyers. With abundant luxury developments and high rental yields, Dubai presents an opportunity for capital preservation and growth. Key locations such as Downtown, Palm Jumeirah, and Dubai Marina offer particularly strong returns on investment.
Compared to Russia’s high mortgage rates, Dubai developers provide flexible and affordable payment plans, including post-handover arrangements. Many developers also offer attractive incentives like waived service fees and residency visa perks, making the city an even more enticing option for Russian buyers.
Dubai’s property market has seen consistent value appreciation, particularly in key areas with new infrastructure and mega projects. This growth potential and long-term development plans like Expo City make Dubai an attractive option for investors looking for secure returns in a global city.
As Russia faces economic challenges and steep mortgage rates, Dubai’s real estate market is capitalizing on the influx of Russian buyers. The combination of favorable tax policies, stable growth, and high returns positions Dubai as the ultimate choice for Russian investors seeking to safeguard and grow their wealth.
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