Dubai, UAE-- Dubai real estate market recorded deals worth AED3.1 billion ($843 million) on Wednesday, according to Dubai Land Department.The deals included 598 sales transactions worth AED1.55 billion, in addition to 68 mortgage deals of AED1.48 billion on Thursday.The sales included 547 villas and apartments worth AED1.13 billion, and 51...

There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has seen a stunning growth in the sector.

By the end of 2022, the UAE is expected to attract more than 4,000 high-net-worth individuals, mostly from India, Russia, Turkey, Egypt, Lebanon, the UK, Saudi and Nigeria.

Thousands have left Russia for Turkey, many paying exorbitant airfares to reach one of the last accessible destinations as Western sanctions tighten.

The move comes after Facebook and Twitter were blocked in early March as part of sweeping efforts by Moscow to control information available to Russians.