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.

Dubai is the old name. The kidniks call it “New Miami” now.

It's all linked to Russian commodities, especially oil, and the dark fleet. No, I will not explain how I know this.