March 2nd, 2017 by Own A Space
Dubai Property Show took place in Mumbai last December and it was a huge success. Because of the good response that it gathered in other global places like London and Hong Kong, the sixth time, famous Dubai real estate exhibition is happening in Shanghai.
Video Source: dubaipropertyshow
The three-day exhibition event will be organized at the Shanghai World Expo Exhibition and Convention Centre starting from March 24, 2017.
The Dubai Land Department (DLD) and Sumansa Exhibitions have once again come together to promote Dubai as the destination for real estate investment for Chinese investors. According to the DLD, Chinese investors have poured in Dh1.74 billion investment in Dubai real estate market last year and secured its place as among the top 10 investors.
Picture Courtesy: resources.lookup.ae
Increasing interest from the Chinese investors is seen and this is the most opportune time to promote Dubai’s explicit real estate proposition to them. The DLD have always worked on bridging the gap by bringing the exhibitors and buyers face to face through their specialized property exhibitions. They also mentioned that the investors from China prefer earning high rental yields on properties thereby tapping the wide margin for capital appreciation at the place.
The investors are ranged from wealthy entities & private equity funds buying residential units to companies and funds setting up local joint ventures to invest money in property projects.
Picture Courtesy: azadnewsme.com
The Chinese population in Dubai went up by 53 percent the previous year. Tourism from China to Dubai is growing immensely and rapidly. Dubai welcomes 13 Chinese cities consisting of Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong and Taipei which all are connected to Dubai with more than 100 weekly flights. Property transactions will get boosted up because of the visa on arrival facility for Chinese visitors.
Because of high demand from Chinese investors in Dubai’s Property market, they are taking the Dubai Property Show to Shanghai. Dubai has become a leader in regional, financial, commercial, and tourist hub with advanced infrastructure and the world-class business environment. Their involvement in Dubai Property Show will add to the promotion of the emirate as one of the best investment places in the world, according to the head & A.D- General Majida Ali Rashid, of Investment Management and Promotion Centre which is also the investment arm of DLD.
Much rich Chinese are buying properties abroad in order to diversify their portfolio of investment & they find Dubai appealing because they believe that they can accomplish 30% of returns at least annually which stands more than Hong Kong, Shanghai, and Beijing.
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