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|23 June, 2018

Dubai developer bids to attract Chinese property investors

Developer participates in luxury property show in Beijing

The Marasi Business Bay project located near the Dubai Canal.

The Marasi Business Bay project located near the Dubai Canal.

Dubai Properties Group/Supplied

Dubai Properties is drawing high interest for its projects from investors and potential buyers in China as part of its participation at Luxury Property Showcase (LPS) Beijing 2018.

A key highlight of Dubai Properties' outing at the event is its showcase of 1/JBR. In addition, the developer is highlighting its two residential projects in Business Bay - Marasi Riverside, a waterfront tower, and Bellevue Towers, a two-tower development. Dubai Properties is also showcasing Mudon as well as three phases of Serena and Villanova.

Marwan Al Kindi, director of sales and sales operations at Dubai Properties, said: "Our participation at LPS Beijing reflects our commitment to engaging with customers at a time when interest from the Chinese market is at an all-time high. Over the past two years, Chinese buyers have consistently ranked among Dubai Properties' top 10 buyer nationalities in terms of value. However, as recently as April, they were in the top five, so there is a clear trend for us to capitalise on. Our presence will allow us to further tap this key market that currently represents three per cent of Dubai's real estate transactions."

He added: "We also believe the recent landmark decision by the UAE Cabinet to issue a 10-year visa to investors and allow for 100 per cent foreign ownership of companies will further boost Dubai's profile as a global safe haven for investors."


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