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First ever Dubai Realty Expo for Chinese investors in Hong Kong from 28-30 January 2016
· Chinese investors in the top 10 expatriate nationalities investing in Dubai real estate invested AED 1.77 billion in 2014.
· Returns on investment in Dubai up to 7.21 %; while only 2.82 per cent in Hong Kong.
· 1,200 per cent increase in buyer interest for properties in Dubai as Chinese buyers move beyond the traditional gateway cities of Hong Kong, Singapore, London, New York, Los Angeles and Sydney.
Dubai, UAE - Dubai Property Show, an international real estate event from the UAE, will embark on the silk route to attract Chinese investors to one of the world's most lucrative markets in the Middle East. The Dubai Property Show, which has met with resounding success in London and Mumbai, will be held in Hong Kong Convention and Exhibition Centre from January 28 to 30, 2016.Organised by Sumansa Exhibitions, the show will give investors the chance to view and understand the various existing and upcoming real estate developments, giving the opportunity for a face-to-face interaction with company officials. Among the participants will be Falconcity of Wonders, Nakheel, Al Marjan Island, Jumeirah Golf Estates, Taktical Realty Group, Seal Real Estate Registration Agent, Driven Properties LLC, SPF Realty Real Estate Broker LLC and Trafalgar Properties among others.
Data issued by the Dubai Land Department (DLD), the official sponsors of the show, reveal that Chinese citizens invested Aed 1.77 billion (HK$ 3.73 billion) in 2014 in the Dubai's real estate market.Moreover, Chinese investors are in the top 10 list of expatriate nationalities investing in the market.
Sultan Al Suwaidi, Partner, Sumansa Exhibitions LLC added, "Hong Kong is one of the leading international finance centres and the business and commercial capital of Asia with a major capitalist service economy characterised by low taxation and free trade. It has one of the most active traded currencies globally, and such features make it a fertile market for developers to explore. With Dubai Property Show in Hong Kong, exhibitors will be able to reach out to one of biggest realty customer bases of the emirates. The event will allow developers to build their credibility and create brand awareness through positive word of mouth, find new customers and fortify relationships with existing ones. This will be their exclusive chance to reach out to the edge of China and make sales instead of waiting for investors to find them in Dubai. Essentially, the Dubai Property Show is a shining example of Dubai's ambition and drive to make things happen."
H.E. Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, said: "The Dubai Property Show that was held in India offered us an ideal platform to showcase Falconcity of Wonders' unique 'the World in a City' concept on a global stage. We gained significant international mileage and accommodated a lot of inquiries during the successful event, and that success drove us to welcome this opportunity to participate as a Platinum Sponsor in Dubai Property Show - Hong Kong. Once again we look forward to this special event's strong global popularity to actively engage a vital market. Hong Kong is a major target market for us; therefore we want to share the vision of our multipurpose mega project through our unique, informative and enticing presence at this upcoming Dubai Property Show, where we will introduce exclusive business opportunities prepared for existing and potential customers, investors and entrepreneurs."
Many wealthy Chinese have been buying properties overseas to diversify their investment portfolio and can find Dubai attractive partly because they believe they can achieve returns of as much as 30 per cent annually which beats Hong Kong, Shanghai and Beijing. The show will also provide a platform for not mere wealthy investors, but to the general public on investment opportunities in the affordable housing segment in Dubai. More than 300,000 Chinese now visit Dubai each year as tourists, which is almost always a leading indicator for property transactions.
A survey by Juwai.com, a Chinese property portal, in September 2015, found 1,200 per cent increase in buyer interest for properties in Dubai as Chinese buyers have started to move beyond the traditional gateway cities of Hong Kong, Singapore, London, New York, Los Angeles and Sydney.
Global Property Guide, a company that compiles and analyses property price performance of the world's big economies, puts returns on investment in Dubai of up to 7.21 per cent compared to only 2.82 per cent in Hong Kong.
For more details about Dubai Property Show, log on to:
dubaipropertyshow.com/,
Facebook: https://www.facebook.com/dubaipropertyshow
Twitter:https://twitter.com/dubaiprptyshow
Instagram: https://instagram.com/dubaipropertyshow/
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About Dubai Property Show:
The Dubai Property Show is a brainchild of Sumansa Exhibitions which, in collaboration with Dubai Land Department, aims to introduce the emirate's property to different parts of the world. The popular real-estate exhibition made its debut in London in February this year and then left its mark in Mumbai in November. Both the shows were a huge success and saw rewarding sales figures. Besides exposing investors to premium real-estate developers of Dubai, the show provides guidance on the ways to invest for optimum financial gains. Buyers are also educated on the rules and regulations pertaining to Dubai property. Participants of the event include cream of UAE developers, reputed banks and financial and law experts who conduct seminars on property-related topics. In a very short time, the DPS has proved to be a rewarding experience for investors who get the unique opportunity of personal interaction with UAE real-estate developers.
About Sumansa Exhibitions:
Established in 2006, Sumansa Exhibitions is the producer and organiser of highly successful property and consumer shows. Starting with the first Indian Property Show in Dubai, Sumansa Exhibitions has launched no less than 31 exhibitions, marketing over 160000 square meters and bringing in over 600,000 visitors. The property shows have been held and marketed in Dubai, Doha, Muscat, London, Durban, Singapore, Hong Kong and Mumbai. In 2012, Sumansa Exhibitions launched the Ramadan Night Market, a 10-day event held at the DWTC. This show has grown from strength to strength, and is now among Dubai's largest consumer event. In 2015 Sumansa Exhibitions launched another exclusive event the Dubai Property Show; an exhibition taking Dubai real estate to the world. With phenomenally successful editions held in London in March and Mumbai in November 2015, future shows are planned in Hong Kong and Africa.
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© Press Release 2016
