Chinese Investors Amongst The Key Players In Dubai Real Estate

 

One of the city’s premier developers, Dubai Properties has seen increasing demand of Chinese investors for Dubai real estate. In fact, high net-worth Chinese individuals are frequently in the look for the city’s mega projects and ranked among Dubai Properties’ top ten buyer nationalities in terms of value.

Marwan Al Kindi, Director of Sales and Sales Operations at Dubai Properties mentioned: “As recently as April they were in the top five, so there is a clear trend for us to capitalise on. Our presence will allow us to further tap into this key market that currently represents three percent of Dubai’s real estate transactions,” 

“We also believe the recent landmark decision by the UAE Cabinet to issue a 10-year visa to investors and allow for 100 percent foreign ownership of companies will further boost Dubai’s profile as a global safe haven for investors.”

According to the report published by the Dubai Land Department (DLD), the city’s real estate market creates more than 30,000 transaction worth around Dhs 56 Billion from approximately 23,000 international investors last year 2017.

In the latest research about property investments in Dubai, Chinese investors recorded as the 6th highest for inbound property investment from being the 8th highest as of May last year.

Furthermore, in the recent visa amendment, Chinese nationals are provided to have visa on arrival in Dubai as well as increasing the Emirate’s direct flights to 13 Chinese airports.

Also read: HH Sheikh Mohammed Announced A 10-Year Visa for UAE Investors, Professionals & Top Students



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