Dubai Properties, a member of Dubai Holding, drew high interest for its upscale projects from investors and potential buyers in China as part of its participation at Luxury Property Showcase (LPS) Beijing 2018.

Over the past two years, Chinese buyers have consistently ranked among Dubai Properties’ top ten buyer nationalities in terms of value, the developer said.

A key highlight of Dubai Properties’ feature at the exclusive event was its showcase of 1/JBR, the flagship project taking shape on some the final plots of land in Jumeirah Beach Residence district. 

Speaking on the occasion, Marwan Al Kindi, Director of Sales and Sales Operations at Dubai Properties said: “Our participation at China’s leading luxury property show, LPS Beijing, reflects our commitment to engaging with customers at a time when interest from the Chinese market is at an all-time high. Over the past two years Chinese buyers have consistently ranked amongst Dubai Properties’ top ten buyer nationalities in terms of value, however as recently as April they were in the top five, so there is a clear trend for us to capitalize on. Our presence will allow us to further tap into this key market that currently represents three percent of Dubai’s real estate transactions.”

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

As per projections released by the Dubai Land Department, Dubai's real estate market witnessed more than 30,000 transactions worth approximately AED56 billion from close to 23,000 global investors in 2017. Chinese investments currently rank sixth-highest for inbound property investment having been eighth-highest as recently as May last year. Recent policy changes such as granting Chinese nationals visa on arrival in Dubai, as well as the connectivity permitted by direct flights to 13 Chinese cities have increased the emirate’s attractiveness to investors from the country, said Dubai Properties.

Source: Dubai Properties

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