Russia's Elite Flocking to the Gulf Bring In New Business
Russians flowing to Dubai and the region are buying property, making venture bets and founding companies or new branches of their Moscow operations.
A steady stream of arrivals from Russia is flowing into the business, financial and cultural life of Dubai and the broader UAE.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Nikolai Denisov’s investment community in Dubai just keeps on growing.
Membership for the local branch of the AngelsDeck group he heads has surged 10-fold to 300 people since Russian President Vladimir Putin invaded Ukraine in February. Denisov, who arrived in Dubai in 2021, says members are often looking for potential investments in the United Arab Emirates, which Dubai is part of.