Chinese investments in UAE real estate are gaining momentum, although not as rapidly as initially anticipated. Nonetheless, realtors in the Gulf nation remain enthusiastic about attracting buyers from China due to substantial investment potential and a surge in inquiries.

In the first quarter of 2023, China’s direct investment increased by 18% to $40.5 billion, with $918 million (up by 191% YoY) invested in real estate, hospitality, and construction globally.

According to Kashif Ansari, Co-Founder and Group CEO of Juwai IQI, Chinese households with higher incomes have accumulated a remarkable $886 billion in surplus household savings since 2019.

Factors like China’s growing economy and increased openness are driving this outbound investment trend. Affluent Chinese households, having saved around $886 billion since 2019, are now venturing into overseas investments, including the UAE.

While competition exists from China’s domestic market and other global destinations, the UAE’s appealing real estate market and strategic initiatives continue to attract Chinese investors. Although the pace may not match initial expectations, the UAE’s consistent growth and positive performance make it an attractive option for Chinese investment.

Despite challenges, such as regulatory factors in China and evolving market dynamics, realtors believe that the UAE’s market attractiveness and strategic efforts will yield increasing Chinese investments over time.

 

Read More: Zawya.com

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