Russia's economic woes have brought a flood of cash and sparked a real estate boom in the UAE

• Russia's economic woes are creating opportunities for investors from the UAE to put money to work. 
• Traders in the Gulf state have ramped up business in Russian oil and gold markets, the WSJ reported. 
• Conversely, Russians are flocking to the UAE, bringing their wealth to its economy and sparking a real estate boom. 

Russia's difficult economic situation has resulted in deepening ties between the nation and the United Arab Emirates, which is seeing a cash from the warring country flood into its markets and economy.