The Elysian Group is one of the few major real estate companies in Dubai with a fully functioning team that is dedicated to catering to Chinese Investments in Dubai. Our six strong team is actively involved in brokerage, business development and building a strong business network that can help facilitate investments to Dubai from China.
The recent visit of President Xi Jinping to the UAE for a 3 day summit earlier in 2018 highlighted the growing ties between the two countries. Chinese investments in the UAE is not a new phenomenon but it has been growing at a tremendous pace and has recently gathered further momentum.
Below are some key facts & stats regarding Chinese Investments in the UAE
- There are over 4,000 Chinese businesses operating in the UAE
- There are over 200,000 Chinese nationals living in the UAE
- Foreign investment by Chinese nationals reached $56 billion in 2017
- Over AED 3 billion of property purchased by Chinese investors in 2016 - 2017
- Chinese investment currently rank sixth highest for inbound property investments
- One of the largest real estate transactions concluded in the UAE in the last year was a AED 360 million investment by a Chinese consortium in Dubai Creek Harbour.
The Chinese Investors that I meet with regularly are particularly attracted to the UAE for the following reasons:
- An established Chinese professional and business community in the UAE. An emphasis by UAE Government and businesses to facilitate and cater to Chinese people.
- Business friendly. Regional Hub. Zero taxation. Dubai is a regional hub for nearly all major global Chinese businesses. The Dragon Mart complex is the largest Chinese retail center outside mainland China.
- Chinese buyers have a wide range of investment opportunities available to purchase in Dubai. From affordable housing, to properties offering strong rental yields, to luxury & ultra-luxury developments as well as off-plan projects offering long term payment plans.
The local real estate market has taken note.
- There are at least three major real estate brokerage firms now operated by Chinese nationals.
- Almost all major real estate developers in Dubai have set-up Chinese sales teams. Major developers also incentivize Chinese buyers through special promotions (for example for Chinese New Year), conducting roadshows and doing joint ventures with Chinese firms to increase their presence in the Chinese market.
- Many real estate companies in Dubai have now got Chinese versions of their website / major promotional material.
- Even major real estate developments now take into account the Chinese market. For example, Emaar, the largest developer in the Middle East is building the Middle East’s largest Chinatown in the upcoming Dubai Creek Harbour development.