Signs of return of Russian interest to Dubai real estate market
A significant rise in overseas enquiries was seen in 1H16 from Russian visitors at Dubai real estate portal PropertyTrader, according to statistics published by the portal. This may indicate renewed interest in the segment, after a number of slow months, in the wake of a weakening currency. Hits from Russia represented c6% of the overall traffic in January 2016, but went up to 17% in July, according to Umer Ali, Sales Director at PropertyTrader. (Arabian Business)
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