Many of those making the move commute to work in Dubai, which is between an hour and 90 minutes drive away from Ras Al Khaimah.

Mona Jalota, founder of Krypton Global Real Estate, said she had received an uptick in enquiries from British expatriates enquiring about a move out of the city for cheaper rents and purchases.

“Every time there is a global or political crisis, Dubai continues to be a safe place to invest in, hence the continuous demand keeps the prices being pushed up,” she said.

Shruti Krishnan, from White Window Real Estate said cash purchases from Russians are swaying landlords to push for cash-only sales too.

“Most of the Russian market is purchasing and in areas that give them really high rental so because of that the prices have gone up a lot,” she said, such as Palm Jumeirah, Downtown Dubai and Creek Harbour, where short term rentals are highly profitable.

Dubai vital hub for British business