A sanctioned Russian billionaire is house-hunting on a luxury island in Dubai, where there aren't any sanctions, a report says

• Roman Abramovich is looking for a house on a luxury manmade island in Dubai, sources told Bloomberg.
• One of the sanctioned oligarch's private jets flew to the city earlier this month.

$4 is looking for a house in Dubai, according to a report by $4.

This comes after one of Abramovich's private jets landed in the city earlier this month, according to flight-tracking sites.

The tycoon, who owns Chelsea Football Club and whom Bloomberg estimates is worth $4, $4. His name was included among those $4 on March 10 and the EU on March 15.

Abramovich is believed to have an extensive property portfolio. He's previously been linked to $4, each worth millions of dollars. He also has at least two superyachts, multiple private jets, a helicopter, and a number of luxury cars.

And Abramovich is considering adding another property to the list, according to Bloomberg's report. In recent weeks he'd been looking at houses on Dubai's Palm Jumeirah, people familiar with the matter told the publication.

Bloomberg did not say whether the search started before the West started imposing sanctions on Russia over its invasion of Ukraine.

Palm Jumeirah, which $4 is one of the world's largest manmade islands, is home to the superwealthy. Studios on the archipelago, which is shaped like a date palm, start at $204,193, while five-bed apartments can cost up to $11 million, $4 previously reported.

One of Abramovich's private jets, a Boeing 787-8 Dreamliner registered in the Netherlands, landed near Jebel Ali in Dubai on $4, according to a $4. Bloomberg reported that it was unknown whether Abramovich himself was onboard. Jebel Ali is around 15 miles from Palm Jumeirah.

$4 as the West imposes sanctions on Russian oligarchs, aimed at putting pressure on Vladimir Putin to call off the invasion on Ukraine.

But the Emirate of Dubai is part of the United Arab Emirates, which hasn't imposed sanctions on Russia.

George Hojeige, the founder and CEO of VirtuZone, which helps people settle in Dubai, $4 that his company was getting more inquiries from Russians than it was before the invasion.

"They see the big instability coming and need to move their families somewhere else," he said. "They're looking for a place where they can move their businesses so they don't have to shut them down."

One unnamed Russian businessman told $4 earlier this month that: "No one wants to accept you, except places like Dubai."

He added: "There's no issue with being a Russian in Dubai."