Jun 18, 2015 | 0 Comment(s)
Dubai-based prominent real estate developer Damac Properties has inked a deal with a Chinese property broker to promote its 37,000 properties in
Beijing-based property broker 5i5j employs nearly 30,000 real estate sales professionals and boasts of “selling a unit every four minutes”.
The deal underlines how Chinese investor interest in
In fact, there have been many signs of this phenomenon.
In 2014, a total of 344,329 Chinese visited
Wealthy Chinese visitors nominated
Bilateral trade is also flourishing between the two countries.
Damac is targeting Chinese for both its hotels and real estate projects, said Ziad El Chaar, Damac’s managing director. The company is focusing on buyers from
“[The Chinese Muslims] on their way to Makkah, pass through
He added that the tourism industry required far more flights between the UAE and
“One of the main things that has to happen so we can get more Chinese tourists to Dubai is we need more flights from China because the demand for hospitality is always related to the number of seats you have on planes coming from that country,” he said.
Fortnightly updates from the global property arena directly to your inbox.