The Dubai Land Department has announced their participation at the Dubai property show in Shanghai, as Chinese demand for Dubai property continues to rise.
- Increased interest in property investment has seen Chinese nationals contribute AED10 billion to Dubai’s economy over the past four years
- The Dubai Land Department has announced their participation at the Dubai property show, being held in Shanghai
- Experts predict the show will result in further increased demand for Dubai property from Chinese investors
Contributing approximately AED10 billion over the past four years, Chinese nationals are among the most important investors within Dubai’s real estate sector.
Considered a safe and attractive destination for international property investment and an emerging market for higher yields, low prices and strong capital appreciation, Chinese investment in the emirate has increased considerably in recent years, with 253,000 Chinese nationals now listed as Dubai residents.
As such, the Dubai Land Department (DLD), has announced its participation at the Dubai Property Show in Shanghai, which runs from March 24th to 26th at the Shanghai World Expo Exhibition and Convention Centre.
Participating though its investment arm, Real Estate Investment Management and Promotion Centre, the DLD will use the event to highlight Dubai’s position as one of the world’s top investment destinations, in addition to providing potential Chinese investors with attractive real estate opportunities and valuable insights into the emirate’s property market.
Majida Ali Rashid, Head of Real Estate Investment Management and Promotion Centre at the DLD, said: “Dubai presents Chinese investors with a range of exciting real estate investment opportunities and we will be showcasing a number of these at the Dubai Property Show in Shanghai.”
Already a favoured destination among Chinese investors, Dubai starts in a strong position, thanks to its strategic global location, position as one of the world’s leading real estate sectors and reputation for high quality construction and design.
Talking about his expectations of the event, Majid Saqer Al Marri, Senior Director of the Real Estate Investment Management and Promotion Centre, said: “We are confident that our participation at the show will result in increased demand from Chinese investors, especially due to the presence of such an enormous number of developers and the broad spectrum of investment opportunities they are offering.”