"They come for holiday and they pick up a fur coat": A Russian tourist tries on a mink at Dolce Moda.
"They come for holiday and they pick up a fur coat": A Russian tourist tries on a mink at Dolce Moda.

A fur deal



Bargain-seeking Russian tourists support a fur district in Dubai. Maya Khourchid checks out the thick skins.
On a recent sweltering afternoon, most of Dubai was experiencing that pre-sunset slump in energy that hits the city every day during Ramadan. Dolce Moda, a fur coat store on the second floor of Deira Tower, seemed cheerfully exempt. The sound system pumped out catchy pop tunes, and a group of four middle-aged women with the demeanour of teenage girls excitedly tried on one thick mink coat after another. Eagerly searching for the perfect fit and fashion, they quickly cast off rejected coats keeping their four blonde sales assistants rushing to bring them new candidates: long, short, black, white, brown, with sequins, without.

"It's not that strange," said Dimitris Psimas, the store's 28-year-old owner, observing the scene. "This is one of the reasons they come here. They come for holiday and they pick up a fur coat." Dubai has long been a popular destination for Russian tourists, partially because of its warm weather, but also for more practical reasons. "Russians come here because it's very easy," explains Stelios Tsiolakis, the owner of President Furs, in the nearby Rivera Hotel. It's less hassle, visa-wise, than going to Europe. Flights are shorter and cheaper, and during the summer, hotel deals abound.

Then there's the shopping. Russians used to come mainly for gold and electronics, which are still cheaper in the UAE than in the former USSR. Now they also come for fur; thanks to relaxed tax rules, fur coats are about five per cent cheaper in the UAE than they are in Russia. Given that the average mink coat costs upwards of $2,000 (Dh7,345), this often translates into hundreds of dollars of savings.

Before the recent development boom, the Deira district was the centre of Dubai. When fur coat retailers arrived, they clustered around al Nasser square. Ten years ago, there were 18 fur coat stores there, give or take. Today, there are around 140. Concurrently, the area has acquired a bit of a Slavic accent. Local landmarks include the Moscow Hotel, Red Square Cafe and Bolshoi Restaurant. Signs guiding buyers to fur stores are printed in Cyrillic, as are most of the store managers' business cards. Almost all of the sales assistants are Russian. According to one sales assistant, you cannot be considered for the job unless you are fluent in the language.

The stores' managers, however, are mostly Greek, and mostly from the northern city of Kastoria, which has relied on the fur trade for centuries. Most of the coats sold in al Nasser square are made of fur imported from Scandinavian countries and finished into coats in Kastoria. Psimas is from Kastoria, where his father manages a fur-finishing factory, and another three Kastorians run shops on the same floor of Deira Tower as Dolce Moda. There are six or seven more a few buildings down the road, including Tsiolakis - Psimas estimates that only five per cent of Dubai's fur stores are owned by non-Kastorians.

"Right now, this is the only market for fur coats," says Psimas, who moved here four years ago after studying business management in England. "Europe is dead, America is dead. The Russian market is the only one existing right now." According to Psimas, Russians buy 300 coats per month at Dolce Moda alone, but concedes that this is an average: sales are seasonal, correlated not with the consistently fur-unfriendly Dubai weather, but rather with Russian holidays.

"Right now, because the Russians have some kind of holiday, it's the best month. And also the first days of January, because it's their Easter. They come in and buy one for themselves, one for their grandmothers, one for their daughter." Though significantly cheaper than they would be at home, Deira's furs are hardly cheap for most of the district's Russian customers. Much has been written about the extravagances of the embryonic Russian upper class, but the women trying on coats at al Nasser square are more likely to be members of the middle class looking for the pivotal Russian status symbol at a bargain basement price.

"A lot of people have saved up their whole lives for this coat," Psimas tells me. "It happens a lot that a coat is $2,000 and all they have is $1,800, and they cry and scream, 'I've saved up my whole life for this coat and you can't lower it?' "Russians, they love fur."

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

RESULTS

6.30pm: Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m
Winner: Brraq, Adrie de Vries (jockey), Jean-Claude Pecout (trainer)

7.05pm: Handicap (TB) Dh102,500 (D) 1,200m
Winner: Taamol, Connor Beasley, Ali Rashid Al Raihe.

7.40pm: Handicap (TB) Dh105,000 (Turf) 1,800m
Winner: Eqtiraan, Connor Beasley, Ali Rashid Al Raihe.

8.15pm: UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m
Winner: Soft Whisper, Pat Cosgrave, Saeed bin Suroor.

9.50pm: Handicap (TB) Dh105,000 (D) 1,600m
Winner: Hypothetical, Mickael Barzalona, Salem bin Ghadayer.

9.25pm: Handicap (TB) Dh95,000 (T) 1,000m
Winner: Etisalat, Sando Paiva, Ali Rashid Al Raihe

THE SPECS

Engine: 3.6-litre V6

Transmission: nine-speed automatic

Power: 310hp

Torque: 366Nm

Price: Dh200,000

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Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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