Sergey Kosenko, founder and director of the newly formed company Habibi Real Estate, said that Dubai has become the city of choice for investors and innovators around the world.

The reasons behind this have to do with the city's unique characteristics, the most important of which are - an outstanding economy, the integration and coexistence of different cultures within the city, the availability of state-of-the-art digital and modern technology, state-of-the-art infrastructure, safety and security, and a foundation for luxury living.

Cosenco also announced the launch of Habibi Real Estate's huge projects and operations in Dubai, based on an initial portfolio of Dh190 million (US$50 million).

The announcements were made at a distinguished ceremony recently organised by the company on board a luxury yacht at D-Marin Business Bay Marina, in the presence of key executives and some 80 of the world's most famous social media personalities.

Speaking at the ceremony, Cosenko emphasised that the company had chosen Dubai as the focal point for its business expansion in the region and globally because of the city's global leadership and significant attributes. He elaborated that Habibi Real Estate intends to further expand its operations in the coming months due to Dubai's impressive economic growth compared to other parts of the world.

Cosenko, one of the world's most popular bloggers and influencers with 5.9 million followers on Instagram, revealed that the company closed a major sales deal for US$6 million, marking the start of the company's activities in the Dubai real estate market.

"Through this deal, two properties were purchased and sold from prominent real estate developers in the Business Bay area of Dubai," he said.

In addition, the ceremony saw a prominent investor from Habibi Real Estate purchase an entire floor in an upscale residential area.

Cosenko explained that he is currently in the final stages of preparing a series of interesting elements that revolve around the aesthetic characteristics of living in Dubai, the city as the most luxurious place to live and the best place in the world to work, live, relax and create.