DUBAI: China’s current status as a global financial giant has not been achieved overnight but earned through consistent efforts.
The resultant rise in affluence has given wings to Chinese investors and encouraged them to flock to other countries in the hope of making savvy investments.
As a way of preventing the over-saturation of the Chinese markets, the Chinese government has been rallying investors to look for investment opportunities abroad.
The Chinese real estate market underwent drastic changes in the past few years that left investors high and dry. The changes have mostly been influenced by low rental yields, stock market downturn and low interest rate, high prices and low capital gains.
As a result, the Chinese have found the UAE’s, especially Dubai’s, real estate sector a lucrative investment option. Chinese were ranked the seventh biggest property investors in Dubai in 2015, investing around $460 million in the first nine months of the year.
Juwai.com said Chinese investor interest in the Dubai real estate market rose by 1,200 percent by August 2015, as compared to the previous year.
But let’s consider a few points that help clarify why UAE makes so much sense to China’s wealthy… see more