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Mon 3 Sep 2018 02:46 PM

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Second Dubai Property Show in Shanghai ends, more planned

Dubai Property Show in Shanghai concludes as Dubai Land Department looks to attract more Chinese investors

Second Dubai Property Show in Shanghai ends, more planned

Dubai Land Department (DLD) has successfully concluded the second edition of Dubai Property Show in Shanghai which exhibited over 100 property projects by more than 20 developers.

Latest data released by DLD reveals that 7,013 Chinese investors made 9,640 real estate transactions from July 2002 until this July worth AED14.34 billion, with a continuous increase in the volume of investment from 2013.

Chinese investor activity has also been consistently growing on an annual basis with 749 investments valued at AED1.05 billion as of July.

The exhibition was inaugurated in the presence of Majida Ali Rashid, assistant director general and head of the Real Estate Investment Management and Promotion Centre at DLD and Rashid Matar Al Qamzi, the UAE Consul-General in Shanghai.

Rashid said: “For overseas investors, Dubai is one of the most attractive cities, and Dubai Land Department has always been exploring ways to enhance the sustainable growth of the property sector in the UAE.

"As China is one of the well-known overseas investors in Dubai, we are proud to again organise such a grand event, and look forward to further opportunities to organise more events of this nature.”

This edition of the show brought together DLD’s strategic partners to provide developers, investors, and visitors with all details and information pertaining to Dubai.

Partners included Emirates Islamic Bank, Knowledge and Human Development Authority, Emirates Airline, Dubai Chamber, Department of Tourism and Commerce Marketing, Dubai Police, Real Estate Brokers, and Dubai’s Real Estate Registration Trustees.

As the UAE has actively supported the ‘One Belt, One Road’ initiative, the China-UAE relationship has grown stronger, with mutual beneficial policies being launched, further attracting Chinese investors to the real estate sector in Dubai.