Russian billionaires are reportedly fleeing to Dubai. See some of the city's most popular luxury properties attracting the world's wealthiest people.

Sarah JacksonMar 19, 2022, 23:15 IST

Andia/Universal Images Group via Getty Images

Many countries have sanctioned Russia's elite over the country's invasion of Ukraine.
One city, however, still welcomes them: Dubai.

Dozens of Russian elites have been sanctioned in response to the country's invasion of Ukraine.

Russian President Vladimir Putin (L) toasts holding a glass of vodka with Deputy Defense Minister Valery Gerasimov (R) and Presidential Administration Chief of Staff Sergei Ivanov (C).Mikhail Svetlov/Getty Images

While many have been banned from countries including the US and UK, there's still one place welcoming them with open arms: Dubai.

KARIM SAHIB / AFP via Getty Images

The UAE, which includes Dubai, initially abstained from a US-led United Nations Security Council resolution condemning the invasion. It has reportedly reassured Russia that it won't impose sanctions unless mandated to do so by the UN.

Xie E/Xinhua via Getty Images

The UAE, which includes Dubai, initially abstained from a US-led United Nations Security Council resolution condemning the invasion. It has reportedly reassured Russia that it won't impose sanctions unless mandated to do so by the UN.

Members of Russia's elite are reportedly fleeing to the safe haven after being cut off from entering much of the rest of the world.

KARIM SAHIB/AFP via Getty Images

Dubai is famed for its luxury real estate, which draws the business of wealthy clients around the world.

AP Photo/Kamran Jebreili, File

Here's a look at some of the most lavish places attracting Russian billionaires fleeing from global sanctions:

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1. Burj Khalifa

GIUSEPPE CACACE/AFP via Getty Images

The world's tallest skyscraper houses 900 luxury apartments. They include everything from studios, which start at around 1.1 million AED ($299,483), to four-bedroom units, which go for 24.8 million AED ($6.8 million).

REUTERS/Mohammed Salam

The world's tallest skyscraper houses 900 luxury apartments. They include everything from studios, which start at around 1.1 million AED ($299,483), to four-bedroom units, which go for 24.8 million AED ($6.8 million).

2. Dubai Marina

AP Photo/Jon Gambrell

Many properties dot the popular Dubai Marina.

Frédéric Soltan/Corbis via Getty Images

All told, there are several thousands of residences available at the Marina, which range from around 478,000 AED ($130,139) to 20 million AED ($5.4 million).

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3. Jumeirah Beach Residence

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Minutes from the Marina, you'll find this waterfront high-rise residential block. Jumeirah Beach Residence is comprised of roughly 40 skyscrapers, 35 of which are residential towers and five are hotels.

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Minutes from the Marina, you'll find this waterfront high-rise residential block. Jumeirah Beach Residence is comprised of roughly 40 skyscrapers, 35 of which are residential towers and five are hotels.

It's also one of Dubai's most popular freehold areas, meaning property there is "free from hold" from any entity besides its owner.

GIUSEPPE CACACE/AFP via Getty Images

4. Palm Jumeirah

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This $12-billion manmade archipelago takes the shape of a palm tree and is divided into segments including The Crescent, The Trunk, and 17 "fronds." Studios on the artificial islands start at 750,000 AED ($204,193), and five-bedroom apartments can run you 40 million AED ($11 million).

GIUSEPPE CACACE/AFP via Getty Images

This $12-billion manmade archipelago takes the shape of a palm tree and is divided into segments including The Crescent, The Trunk, and 17 "fronds." Studios on the artificial islands start at 750,000 AED ($204,193), and five-bedroom apartments can run you 40 million AED ($11 million).

5. Emirates Hills

KARIM SAHIB/AFP via Getty Images

This upscale gated community, often referred to as "the Beverly Hills of Dubai," is comprised of roughly 600 villas. A unit currently available for sale boasts seven bedrooms and 10 bathrooms across its 18,553 square feet. It's furnished and ready for move-in for the cool price of 50 million AED ($13.6 million).

KARIM SAHIB/AFP via Getty Images

This upscale gated community, often referred to as "the Beverly Hills of Dubai," is comprised of roughly 600 villas. A unit currently available for sale boasts seven bedrooms and 10 bathrooms across its 18,553 square feet. It's furnished and ready for move-in for the cool price of 50 million AED ($13.6 million).

6. Business Bay

Dominique BERBAIN/Gamma-Rapho via Getty Images

A mixed-use neighborhood on the banks of the Dubai Canal, Business Bay has both residential and commercial buildings. The average sale price of studios in the area is 660,000 AED ($179,690), while five-bedroom apartments go for 39.7 million AED on average ($10.8 million).

REUTERS/Satish Kumar

A mixed-use neighborhood on the banks of the Dubai Canal, Business Bay has both residential and commercial buildings. The average sale price of studios in the area is 660,000 AED ($179,690), while five-bedroom apartments go for 39.7 million AED on average ($10.8 million).

7. Dubai International Financial Center

REUTERS/Christopher Pike

Near Business Bay, you'll find another major mixed-use development: The Dubai International Financial Center. The area is a leading financial hub for the South Asian, African, and Middle Eastern markets, with residences ranging from studios to triplex penthouses. Sale prices for penthouses typically start around 3.9 million AED ($1.1 million).

ANDREW HOLBROOKE/Corbis via Getty Images

Near Business Bay, you'll find another major mixed-use development: The Dubai International Financial Center. The area is a leading financial hub for the South Asian, African, and Middle Eastern markets, with residences ranging from studios to triplex penthouses. Sale prices for penthouses typically start around 3.9 million AED ($1.1 million).

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Russian billionaires are reportedly fleeing to Dubai. See some of the city's most popular luxury properties attracting the world's wealthiest people.

Dozens of Russian elites have been sanctioned in response to the country's invasion of Ukraine.

While many have been banned from countries including the US and UK, there's still one place welcoming them with open arms: Dubai.

The UAE, which includes Dubai, initially abstained from a US-led United Nations Security Council resolution condemning the invasion. It has reportedly reassured Russia that it won't impose sanctions unless mandated to do so by the UN.

Members of Russia's elite are reportedly fleeing to the safe haven after being cut off from entering much of the rest of the world.

Dubai is famed for its luxury real estate, which draws the business of wealthy clients around the world.

Here's a look at some of the most lavish places attracting Russian billionaires fleeing from global sanctions:

1. Burj Khalifa

The world's tallest skyscraper houses 900 luxury apartments. They include everything from studios, which start at around 1.1 million AED ($299,483), to four-bedroom units, which go for 24.8 million AED ($6.8 million).

2. Dubai Marina

Many properties dot the popular Dubai Marina.

All told, there are several thousands of residences available at the Marina, which range from around 478,000 AED ($130,139) to 20 million AED ($5.4 million).

3. Jumeirah Beach Residence

Minutes from the Marina, you'll find this waterfront high-rise residential block. Jumeirah Beach Residence is comprised of roughly 40 skyscrapers, 35 of which are residential towers and five are hotels.

It's also one of Dubai's most popular freehold areas, meaning property there is "free from hold" from any entity besides its owner.

4. Palm Jumeirah

This $12-billion manmade archipelago takes the shape of a palm tree and is divided into segments including The Crescent, The Trunk, and 17 "fronds." Studios on the artificial islands start at 750,000 AED ($204,193), and five-bedroom apartments can run you 40 million AED ($11 million).

5. Emirates Hills

6. Business Bay

A mixed-use neighborhood on the banks of the Dubai Canal, Business Bay has both residential and commercial buildings. The average sale price of studios in the area is 660,000 AED ($179,690), while five-bedroom apartments go for 39.7 million AED on average ($10.8 million).

7. Dubai International Financial Center