Chinese investors return to UAE real estate market_investment surges 130%

The latest market report shows that in the first half of 2023, Chinese investors will beginreturnDubai real estate market, Chinese investors' residential real estate investment in Dubai compared to the post-epidemic erasharp increase130%.

A market report by Allsopp & Allsopp, an independent real estate agency in Dubai, shows that Chinese investorsnowStart in Downtown Dubai and Jumeirah GolfVillaWaitfamousregional investmentwideof housing units,Thisaverage property in areaPrice AppearedsharpdeclineBefore the pandemic, Chinese investors were the main overseas investors in Dubai.theyMoreFavorsmaller areaSuiteKazuichiThree bedroomsapartment.

Interestingly, the report alsoPoint outChinese investors currently regard “cash as king”, with up to 78% of Chinese investorsSellerin dubaiBuy a houseChoose cash payment.

“Chinese investors (now）FrequentUse cash for real estate transactions.theyBefore investing overseasalthoughAlreadyaccumulated enough wealth,to this endtheyYou can pay the full amount in cash and enjoy the bestConveniencetransaction process. "

In early 2023, China lifted entry and exit restrictions, allowing Chinese investors toagainStep intoDubai real estate market. Sales transactions in second quarter of 2023 mark turning point for Dubai real estate market, Allsopp & Allsopp saysnumberand saleslump sumBoth set a record in Dubai’s history.

Industry insiders said that in the years before the outbreak, especially in 2019, Chinese investorsstillIs a major investor in the Dubai real estate market.

But, the outbreak of the epidemic andAfter thattravel restrictionsCauseChinese investment in Dubai real estatereduce.because美国Conflict escalates, massiveJapanSellerflock to,soonmake upfill this gap.

by 2022Year-end.德国People become prime real estate in DubaiSeller.

Currently, Dubai’sluxuriousThe real estate industry continues to thrive, and brandsluxuriousNew projectHe ChaoSmallCourtyard housewill set new sales records, and the Chinese are excited about DubaiUpscaleThe location is largeClimbingResidential preferences are also changingimprove.