Thursday 23 November 2017

Hong Kong investor pumps US$1.9 billion into Dubai real estate

Chinese interest in Dubai's booming real estate market, was recently highlighted with the purchase of $1.9 billion of property assets by a Hong Kong based investor.

Hong Kong investor pumps US$1.9 billion into Dubai real estate

Dubai Marina. Residential property prices in UAE are estimated to have increased by up to 20% in the past year

March 16, 2014

Real estate developer Dubai Pearl says that a partner of China's Ministry of Civil Affairs, has invested in serviced apartments, high-end residences and two five-star hotels. Construction will be completed in 2017.

Residential property prices in Dubai rose 20 percent last year after a dramatic fall following the financial crisis of 2008.

Analysts report growing trade and other business cooperation agreements between Asia and the UAE have helped spur investment growth between the countries.

Deepak Jain, head of strategic planning at Jones Lang LaSalle in Dubai also says that, "Chinese investors are interested in investing in Africa, and they see Dubai as a staging ground or a hub, between both continents."

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