Investors from China accounted for over $460m of UAE property investments in the first nine months of 2018
Leading Chinese real estate internet platform, Fang, has launched in the UAE.
The dedicated portal, uae.fang.com, will feature property listings in the UAE, covering the country’s leading developers as well as brokerages in China.
Jian Liu, CEO of Fang, said: “Dubai is today one of the most popular destinations for Chinese investors, given the central location of the city, the strong UAE-China bilateral relations, and the positive economic growth environment.”
According to reports by the Dubai Land Department, investors from China accounted for over $462 million (AED 1.7 billion) of property investments in the first nine months of 2018. And with the UAE announcing long-term visas for property investors, there is increased interest among Chinese investors.
“With Expo 2020 Dubai upcoming, there is increased interest by Chinese investors in Dubai. Through uae.fang.com, customers in China can learn more about investing in the UAE and offers instant access to all the leading residential launches. The Mandarin language site will be updated regularly to showcase all the promising investment choices in the UAE, particularly, Dubai,” added Liu.
According to a report by Emirates News Agency (WAM), Fang’s portfolio covers property listings in 658 cities across 24 countries. Fang records 150 million unique views per month and has 120m registered users. The Fang app has been downloaded over 200m times and is used for 4.04m hours on average per month, highlighting its popularity.
A part of Fang Holdings, the company marked the occasion with a special LED show on Burj Khalifa.