FT: citizens of Russia and Europeans with Asians are more likely to buy property in Dubai

Dubai has handled the coronavirus pandemic well, he said, prompting an influx of wealthy expats looking to buy property.

So, in the Atlantis The Royal complex on the artificial island of Palm Jumeirah, apartment prices have risen sharply: seven years ago, a two-bedroom apartment could be bought for 5.5 million dirhams ($1.5 million), but after the pandemic, demand increased.

One of the three-story Atlantis The Royal penthouses was sold for 180 million dirhams, the newspaper writes, quoted by RBC.