Dubai developers escalate efforts to sell properties to rich Chinese, seeing ‘huge potential’

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Dubai developers escalate efforts to sell properties to rich Chinese, seeing ‘huge potential’ - SCMP

Quick Summary:

Buyers are attracted to UAE city’s attractive rental yields and golden visa programme.

This reinforced Dubai’s status as the world’s biggest market for sales of homes priced at US$10 million or above in the third quarter this year, a title it has held for almost two years, Durrani said.

For Li Fanwu, a 36-year-old Chinese former property professional, the trend became clear earlier this year when he worked for an immigration advisory firm.