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 school...