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It is the primary Aloft in Europe, Africa and the Middle East. Four worldwide exhibition organizing firms, IIR Middle East, Reed Exhibitions, CMP Information, and dmg world media, have signed up for long-term agreements for exhibits at ADNEC's Exhibition Centre. Waves of Russian nationals have been stated to have flooded Dubai to reside and invest their capital into the Emirates property market, safeguarding it from worldwide sanctions. Property prices in Dubai increased following the February 2022 Ukraine invasion, as rich Russian nationals started making high investments within the Emirati real estate. In July 2019, more than 500 people misplaced their jobs following an financial downfall observed in the second quarter of 2019, following which Jumeirah Group LLC implemented job cuts. The UAE turned a significant commerce hub for Russian gold, following the international sanctions affecting Moscow’s export routes. Hussain Sajwani, Chairman of DAMAC claimed that an estimated 15% of his clients constituted of Russian nationals. The first villa freehold properties that have been occupied by non-UAE nationals were The Meadows, The Springs, and The Lakes (high-finish neighborhoods designed by Emaar Properties, collectively known as Emirates Hills). The biggest advanced was to be referred to as "Asia, Asia" and was planned to be the largest lodge in the world with greater than 6,500 rooms.
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