Chinese investors' interest in the Dubai housing market has increased by 7.21% compared to one year ago; overall returns on property investment in Dubai rose to 1200% compared with 2.82% in Hong Kong, according to recent reports by Global Property Guide and Juawai.com. Further research conducted by JLL suggests that low property prices, lucrative rental yields, unrestricted repatriation of funds, zero rental income tax, investor protection, a stable political environment, residence visas on property purchases above AED 1m, and property security and quality are the driving forces behind the surge. Increasing trade links and business cooperation have also played a part, as 4000 Chinese companies recently set up operations in the UAE, to capitalise on its gateway status to the Middle East and Africa.
Chinese investors' interest in the Dubai housing market has increased by 1200% compared to one year ago; overall returns on property investment in Dubai rose to 7.21% compared with 2.82% in Hong Kong, according to recent reports by Global Property Guide and Juawai.com. Further research conducted by JLL suggests that low property prices, lucrative rental yields, unrestricted repatriation of funds, zero rental income tax, investor protection, a stable political environment, residence visas on property purchases above AED 1m, and property security and quality are the driving forces behind the surge. Increasing trade links and business cooperation have also played a part, as 4000 Chinese companies recently set up operations in the UAE, to capitalise on its gateway status to the Middle East and Africa.