Dubai’s realty to witness influx of Chinese investors post Brexit

A leading Chinese property website has reported that Dubai, UAE stands to make major gains from a likely boost in Chinese investments into Dubai’s realty, in the aftermath of the Brexit verdict.

Elaborating further, Bernie Morris president (UK, Europe and Middle East), Juwai.com said that the ample supply of quality homes in the Emirate and their potential for price appreciation was a good alternative for Chinese investors facing a lot of uncertainty in Europe following the Brexit vote.

He further revealed that enquiries for UAE property options via the website for the first six months of 2016 were already up by 40% vis-à-vis the same period last year and approx 85.3% higher over the last 12 months than 2015.

This new wave of Chinese investment is further likely to boost the UAE’s reputation within the Middle East as a leading realty investment destination he noted. He further added that it also had a slew of options in the off-plan and new-build property categories that could be of specific interest to Chinese investors.

With its growing infrastructure projects, new housing projects, theme parks, business and entertainment hubs, Dubai held a lot of promise for Chinese realty investors whose confidence stemmed from the growing economic importance of the region that supported its potential for capital gains in the future, he said.

Morris is one of the expert panelists scheduled to be present at the forthcoming Cityscape Conference to be hosted by Dubai’s Conrad Hotel, Dubai on September 5, before the opening of the three-day Cityscape Global exhibition the next day.

Expressing his confidence in the UAE’s realty investment potential Morris opined that with its many world-class universities, the UAE was also likely to witness a huge increase in the number of Chinese students attending its universities. This in turn could become the Emirates’ largest non-resources export to Asia, he stressed.

He further advised property marketers to stress on the UAE’s potential as a education hub to encourage more foreign students to enroll in its institutions. This would encourage more families to invest in homes for their children to live in while studying here, he added.