Why Russians Are Racing to Buy Property in Dubai (and How You Can Too)
Aman Sawner, Content editor
18/07/2025, 7 Minutes Read
Dubai’s real estate market has long been a magnet for international investors. Among the top foreign buyers? Russian nationals.
In fact, Russians consistently rank among the top five nationalities purchasing property in Dubai.
Dubai as a Top Choice for Russian Property Buyers
According to Dubai Land Department data and property agencies like Knight Frank, Russians increased their property purchases by over 50% year-over-year in 2022 and 2023.
A 2024 Redseer report also revealed that 72% of Russian expats in the UAE bought real estate last year, with villas being the most popular choice.
So why is Dubai such a hot spot for Russian buyers, and how can you invest if you're based in Russia? This guide answers everything.
Why Russians Are Investing in Dubai
From geopolitical uncertainty to wealth preservation, here’s what makes Dubai especially attractive to Russian investors:
- Political and Economic Stability: Dubai offers a safe haven for capital amid global uncertainty.
- Tax-free ownership: No property tax, capital gains tax, or personal income tax.
- Residency through real estate: Property purchases from AED 2M+ make buyers eligible for the UAE’s Golden Visa.
- Lifestyle appeal: Think beaches, luxury malls, Michelin-starred dining, and premium healthcare.
- Proximity: Short 5-hour flight from Moscow with direct connections.
Can Russians Buy Property in Dubai?
Yes, Russian citizens can buy freehold properties in designated areas across Dubai, meaning full ownership of both the unit and the land.
No residency or local sponsorship is required. You can buy in your own name, and register the title deed with the Dubai Land Department (DLD).
Types of Properties Russian Investors Can Own in Dubai
Dubai’s real estate market offers a wide spectrum of properties, catering to every investment goal, from generating passive income to securing a luxury holiday home.
Here’s a breakdown of the most popular types of properties among Russian investors:
1. Ready-to-Move-In Properties
These are completed homes available for immediate occupancy or rental. They’re ideal for Russian buyers who want to:
- Start earning rental income right away (especially in high-demand areas like Downtown Dubai and Dubai Marina)
- Avoid construction delays and market uncertainty
- Use the property as a second home or vacation base
2. Off-Plan Properties
Off-plan units are bought directly from developers before they’re completed. This option is popular with savvy investors looking for:
- Lower entry prices compared to completed units
- Flexible payment plans (often 10/90 or 60/40 split or depending on the developer)
- Capital appreciation as the project nears completion
3. Luxury Villas and Penthouses
High-net-worth Russian buyers often favor statement properties in exclusive neighborhoods such as:
- Palm Jumeirah: Iconic beachfront homes and sky-high penthouses with uninterrupted sea views
- Emirates Hills: Dubai’s equivalent of Beverly Hills, known for privacy, golf courses, and mega-mansions
- Jumeirah Golf Estates: Gated communities with stunning villas surrounded by world-class golf courses
These properties offer a premium lifestyle and strong capital appreciation, plus they make a lasting impression.
4. Serviced Apartments
Fully furnished, professionally managed units located in prime areas like Business Bay, DIFC, or Downtown Dubai.
They’re perfect for:
- Investors seeking hands-free property management
- Short-term rental income (especially with tourists and business travelers)
- Buyers who want hotel-style amenities: concierge, gym, pool, housekeeping, and more
Popular Areas Among Russian Nationals
Russian home buyers favor upscale communities with waterfront views, resort-style living, and capital appreciation potential:
Investment Opportunities: Ready vs. Off-Plan Properties
Documents Needed to Buy Property in Dubai
To purchase property in Dubai, Russians typically need:
- A valid passport
- Proof of funds
- Signed Memorandum of Understanding (MOU)
- Buyer’s and seller’s Emirates ID (if resident)
- No objection certificate (for off-plan purchases)
And if you’re buying from Wasl, a trusted developer with decades of expertise in Dubai’s real estate market, their 24/7 customer support team and e-services platform make it even easier.
How to Buy Property in Dubai from Russia
Choose the Property
Start by exploring available properties online or partner with a trusted, Dubai Land Department (DLD)–registered agent or developer. Decide whether you prefer a ready unit or an off-plan project, depending on your timeline and goals, rental income vs. long-term appreciation.
Reserve the Unit
Once you’ve selected a property, you’ll need to pay a booking deposit, usually between 5% and 10% of the property’s value. This holds the unit while paperwork is being finalized.
Sign the Sales & Purchase Agreement (SPA)
Next comes the SPA. This official contract outlines all terms of the deal, including payment schedule, handover date (for off-plan), and any special conditions. Once signed, both parties are legally bound.
Transfer Funds
You can transfer the payment from an international bank or a UAE-based account. Some buyers choose to open a local account in the UAE for easier transactions and better exchange rates.
Register with DLD
The final step is to register the property with the Dubai Land Department. You’ll pay the 4% transfer fee and receive your official title deed, confirming full ownership under your name.
Want to explore the best Dubai real estate options for Russian buyers?
Browse freehold properties in Dubai today.
FAQs
Where are Russians buying property?
The top areas include Palm Jumeirah, Downtown Dubai, Dubai Marina, and Emirates Hills. Villas and luxury apartments are the most popular.
Is financing available for Russians buying in Dubai?
Yes. Some UAE banks offer up to 50–75% financing for non-residents. Approval depends on income, credit history, and property value.
What taxes or fees will I need to pay?
Russian buyers must pay a 4% Dubai Land Department (DLD) transfer fee, along with admin fees that usually range from AED 5,000 to AED 10,000. Annual service charges also apply and vary depending on the property type and community, covering maintenance and shared facilities.