China investment in Dubai property tops $354m
BEIJING, July 29, 2015
Chinese investors pumped in more than CNY2.2 billion ($354 million) last year in Dubai’s property market, marking a rise of nearly 300 per cent compared to a year earlier, said the organisers of an investment programme in China.
More than 7,000 sales consultants and 1,200 international property investors are set to attend business seminars across China, focusing on the investment opportunities in the real estate market of the UAE emirate.
Staff at 5i5j, one of the country's leading real estate brokers, will attend training programmes in Beijing, Hangzhou, Shanghai and Taipei to learn more about Dubai's property market, a statement said.
A high-level delegation from one of Dubai's leading luxury real estate developers, Damac Properties, will be visiting China to support the programme and showcase luxury living experiences in the UAE.
"There is a big desire for top quality property in Dubai from savvy Chinese buyers and we expect to see investment top CNY 100 billion ($16.1 billion) over the next few years as more investors turn to Dubai," said Hu Jinghui, vice president, 5i5j (BA and 5I5J Group).
"Damac Properties is developing high-end luxury villas, apartments and hotel apartments in the city, which reflect the style and standards expected from Chinese buyers. We see this being one of our biggest international markets in the coming years."
The programmes will look at the real estate laws and overseas international-standard investment regulations which has made Dubai one of the most attractive real estate markets in the world.
The seminars will also focus on the array of luxury property across Dubai, from high-end villa communities such as Akoya by Damac and Akoya Oxygen which overlook international-standard golf courses managed by the Trump Organisation, through to private apartments looking out over the famous man-made island, the Palm Jumeirah, and exclusive Paramount Hotels & Resorts-branded hotel apartments with views of the world's tallest tower, Burj Khalifa.
"Dubai has so much to offer investors from China," said Ziad El Chaar, managing director, Damac Properties. "Through our collaboration with 5i5j (BA and 5I5J Group). We anticipate that these forthcoming events will allow serious investors the opportunity to discover more about the quality and range of luxury living experiences available in this beautiful city."
Seminars will be taking place each Saturday from August 8 to 22. – TradeArabia News Service