Russians expected to top spending charts at Dubai Shopping Festival | The National

Dubai MallDUBAI // Russians are again expected to top the spending charts for this year’s Dubai Shopping Festival.Dubai

Affordable flights from a number of Russian cities coupled with a safe environment and warm weather make Dubai an increasingly popular destination for Russians.That popularity has seen a rapid increase in the amount of money spent in the UAE and during the shopping festival in particular.According to the credit card company Visa, Russians spent an estimated US$82.1 million (Dh301m) during the festival last year, more than any other nationality, compared with $61.3 million spent in 2012, a 34 per cent increase.Igor Egorov, chairman of the Russian Business Council, said that trend was expected to continue this year.“The timing of Dubai Shopping Festival is perfect for Russians as it comes after Christmas and during the Russian New Year,” he said. “Russians enjoy coming to the UAE not just for shopping but also to the beaches.“Dubai is a big destination for buying jewellery and gold because the quality is good and there is no tax.”The real figure was probably much higher than credit card statistics show because most Russians prefer to pay with cash, he said.

via Russians expected to top spending charts at Dubai Shopping Festival | The National.

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