Dubai Properties Taps the ever-expanding Chinese Market and How?
Dubai Properties was seen participating in a recent event called ‘Luxury Property Show’- LPS in Beijing, China.
It’s 2018 and certainly, no-one is oblivious of the fact that China is possibly the most emerging commercial and industrial market in the world in the present times. Business possibilities and job opportunities being at an all-time high in the country in the current phase of developing by leaps and bounds.
Thus, Dubai Properties also recognized the trend shift and decided to showcase some of their recent and some landmark projects at the Luxury Property Show 2018 held in Beijing. In the Property fest, the group showcased some of their breakthrough projects and developments like 1/JBR, Marasi Riverside in Business Bay, Bellevue Towers, Villanova and some phases of the famous Serena development too. The projection was very well-received and applauded by the attendees and investors in the global show.
Surprise Alert- Did you know that China ranks up to one of the top 10 buyer nationalities for Dubai Properties? And that, they have consistently been holding the spot since 2016? Well, yeah. Developers in Dubai do have a chance with Chinese investors as their potential buyers. Thus, this very fact prompted Dubai Properties to step outside and capitalize on such a big market segment.
However, the UAE Government has also been making fruitful policies to provide full support to the Real-Estate Industry in UAE by devising policies like allowing 100% foreign ownership to global companies upon their investment and issuing 10-year visa to investors so that they can travel freely. Shedding some limelight on the same, Marwan Al Kindi, director of sales and sales operations at Dubai Properties, stated: 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.”
It is thus a significant pat on the back by the UAE government to the booming Real Estate industry of the country and a significant first step forward by Dubai Properties who have now pioneered the path to global recognition and liaisons for other real-estate giants in the country too.
For more information about 1/JBR, click here.