The Palm Jumeirah in Dubai. - Photo: AFP
DUBAI: Developers in Dubai are ramping up their efforts to sell properties to wealthy Chinese, seeing “huge potential” behind growing demand from buyers who are lured by a golden visa programme, attractive rental yields and promising economic prospects.
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. Recognising the growing number of Chinese nationals relocating to Dubai, he joined Danube Properties – one of Dubai’s top 10 developers – as a Beijing-based salesman.
