Dubai top destination for Russian real estate investors
Dubai continues to attract strong interest from Russian property investors, who now rank among the top five nationalities purchasing property in Dubai.
According to the European Tax Observatory, Russian nationals purchased an estimated US$6.3 billion worth of property in Dubai between 2022 and 2024 – more than in any other global destination.
Property specialists such as Engel & Völkers attribute this sustained demand to Dubai’s combination of political stability, favourable tax environment and strong property yields, which typically average between 6% and 8% per annum, well above returns in other major markets.
For many Russian investors seeking a long-term base in Dubai, real estate also provides a pathway to residency through the UAE’s Golden Visa investment programme.
According to official guidance from the Dubai Land Department, investors who purchase property valued at AED 2 million or more are eligible to apply for a five- or ten-year renewable residence visa. Separate shorter-term investor visas are available for lower-value properties, subject to conditions.
Russian investors are also drawn to the emirate’s quality infrastructure, safe environment, business and lifestyle opportunities and year-round sunshine, which make it a compelling alternative to other potential destinations.
Shifting dynamics within the market
Market analysts note that demand patterns among Russian investors are diversifying. While early entrants focused on prime waterfront districts such as Dubai Marina, Palm Jumeirah and Downtown Dubai, interest has since expanded to fast-growing communities such as Business Bay, Jumeirah Village Circle and Dubai Creek Harbour, where off-plan sales and rental yields remain strong.
Despite short-term fluctuations, Dubai remains a preferred destination for Russian investors, supported by direct flight connections, a transparent regulatory framework and the absence of property taxes.
Industry observers expect Russians to maintain a strong presence in the market, particularly in off-plan and high-yield residential segments, as geopolitical uncertainty continues to influence global investment trends.
