Russians bought up $6.3B in Dubai property after 2022 Ukraine invasion, report finds

TokenBoomer@lemmy.world to World News@lemmy.world – 144 points –
Russians bought up $6.3B in Dubai property after 2022 Ukraine invasion, report finds - ICIJ
icij.org

A trove of leaked records reveals Russian property holdings soared “more than tenfold,” economists say.

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Because buying 6.3B worth of land in a desert on a warming planet is so smart.

I really don't get the Dubai is so cool thing.

unlimited marketing budget, focused on social media influencers

Money attracts a lot of people. It gives the impression of status.