Dubai Properties Attract Chinese Investors

Dubai has become one of the top investment destinations for Chinese investors since last several years. Over 200,000 Chinese expats are living in the United Arab Emirates (with over 80% based in Dubai) & around 4000 Chinese companies have presence here. There is no doubt that they are now among the top foreign investors in Dubai properties.

According to the Dubai Land Department (DLD), Chinese nationals invested around Dh 1.7 billion during the first three quarters of 2018, making them sixth highest nationality by investment. With more affordable units up for delivery this year, the investments are expected to grow.

One driving factor into this development is the fact that in the recent years, UAE and China have fostered strong ties in terms of bilateral trade. In 2016 alone, trade between UAE and China reached a value of more than AED 176 billion. Moreover, UAE government has also announced to list Chinese as the third major language in more than 100 Dubai schools.

Downtown Dubai, Greens & International City are the most sought-after locations by Chinese investors. They are buying both off-plan & ready properties and weigh in selling prices, annual yields & location while making the purchase decisions. Annual yields ranging from 6-10% work as the primary incentive, compounded by the fact that the average selling prices of Dh700 per sq.ft – Dh2,200 per sq.ft are equivalent to one sixth to one fourth of the selling price in Downtown Shanghai, China.

Apart from real estate investments, Chinese companies are also active in the construction industry in Dubai. Chinese construction companies are among the top 5 contractors in the UAE. Not only that, but most of these companies also provide construction finance and loans. You can find these companies in commercial space for rent across Dubai. Just to give you an example, the China State Construction and Engineering Corporation is considered to be the second biggest contractor. Their projects reach as much as $3 billion and they currently have 16 ongoing projects in the UAE.

Location: Dubai - United Arab Emirates

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