Market dynamics in Dubai shift as more m’naires flock to the emirate: The foreign press is focusing its attention on expats moving to Dubai — from the British, to Russians, to ultra high-net worth individuals.
#1- The Telegraph looks at British expats being priced out of Dubai, as wealthy Russians snap up property in the emirate after the outbreak of war in Ukraine, boosting prices and driving many British expats to seek out cheaper areas such as Ras Al Khaimah.
#2- The UAE’s pro-business, pro-migration sentiment, coupled with limitless supply from developers, serve as the “perfect equation” for attracting high net-worth individuals, Henley & Partners’ Philippe Amarante told Bloomberg in an interview (watch, runtime: 5:08). Some 6.7 mn m’naires are expected to move into the UAE in 2024.