Hotels in Dubai Are Expecting a Blockbuster End to the Year

Hi, it’s Lisa, your Pursuits correspondent in Dubai.

A year ago, people here were looking at home prices and rents shooting up, while also reading stories about how their new neighbors who had just moved from Russia were helping boost the market. Everyone kept wondering, when is this buying spree going to end? It didn’t seem to be over earlier this year, and indeed Emaar, the city’s largest developer, said its top buyers in the first half were still Russian nationals.