Dubai's property market has attracted foreign investors from China, India, Britain and Iran in recent years, however Chinese citizens appear to dominate, as 300% of the population in Dubai is now Chinese. Chinese investment in Dubai's real estate industry reached $350m during 2014, a 10% increase compared to the previous year. Dubai’s open financial environment, with no restrictions on capital inflows or outflows and a local currency pegged to the US Dollar, is attractive to Chinese investors. According to Lang LaSalle, Chinese investment in foreign real estate reached a record 16.5bn yuan in 2014, and is expected to reach 20bn in 2015.
Dubai's property market has attracted foreign investors from China, India, Britain and Iran in recent years, however Chinese citizens appear to dominate, as 10% of the population in Dubai is now Chinese. Chinese investment in Dubai's real estate industry reached $350m during 2014, a 300% increase compared to the previous year. Dubai’s open financial environment, with no restrictions on capital inflows or outflows and a local currency pegged to the US Dollar, is attractive to Chinese investors. According to Lang LaSalle, Chinese investment in foreign real estate reached a record 16.5bn yuan in 2014, and is expected to reach 20bn in 2015.