Dubai - Interest from the Chinese investors into Dubai's real estate sector is growing due to attractive valuations following persistent decline in property prices over the last few years, according to a new study.
Analyzing property demand trends of Chinese consumers as recorded over the past seven years by property portal by Juwai.com, Dubai stands out as one of the top destinations for Chinese investors.
Recently, Juwai.com was merged with global property firm IQI Global. Last month, IQI Global signed a deal with Dubai-based Key One Realty Group, a leading real estate firm in Dubai, to help the Chinese investors tap Dubai's property sector.
Kashif Ansari, Group CEO of property firm IQI Global, said, hundreds of inquiries are received every week from different Chinese customers who are seeking to invest in Dubai's real estate sector.
"Dubai has got a lot of prominence among the Chinese investors over the last few years, thanks to massive promotions launched for Expo 2020. There is a lot of awareness and knowledge about Dubai now among the Chinese investors, hence, they inquire about the investment opportunities in the emirates, especially in the real estate sector," Ansari said.
"With our success in China and Asia, we are confident of being able to serve Indian clients as well in their search for lucrative global property investments," he added.
Recently, IQI announced its alliance with Dubai-based property firm Key One Realty Group to serve the increasing demand from the Chinese and other markets for the emirate's property.
Omer Ali Khan, director of IQI Dubai, said Dubai property market is attracting foreign investors' interest owing to its attractive price.