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Investors from former Soviet Republics invest in Dubai about $4 bln

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Investors from former Soviet Republics invest in Dubai about $4 bln

Over the course of the last three years, private investors from Russia, Kazakhstan, Azerbaijan, Uzbekistan, Ukraine, Turkmenistan, Tajikistan, Belarus, Armenia, Kirgizia and Moldova acquired real property items in Dubai worth of $3,8 billion, the press release issued by the city’s land department says.

A total of 6,000 persons from these countries have made investments in Dubai real estate for this time period.

According to Dubai land department, there is a growing demand for the city’s real property on the part of citizens representing Russian-speaking countries. In this connection, special services for Russian-speaking clients are planned to be introduced in Dubai.

As a reference, Russia, Kazakhstan, Azerbaijan, Uzbekistan, Ukraine, Turkmenistan, Tajikistan, Belarus, Armenia, Kirgizia and Moldova, among others, formed a part of the USSR. After the collapse of the Soviet Union, these states formed the Commonwealth of Independent States (CIS).

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