Dubai Property Post reports:
Chinese buyers are driving Dubai’s property market, positioning the city as a premier destination for affluent individuals, states Knight Frank.
The property consultancy forecasts that, in the long term, Dubai will join the ranks of top financial hubs like New York, London, and Singapore … Paragon Properties CFO Angelo Kazantzas stressed that while Chinese buyers were growing a new market, Dubai’s real estate has long been targeted by global investors, with the number of prospective Russian and European property owners increasing rapidly in recent years, adding to the high number of existing Indian buyers.
“Dubai has always attracted foreign investment because of the favourable market conditions and highly profitable real estate sector.
“It comes as no surprise that savvy Chinese buyers are increasingly joining the race for the world’s most attractive property deals, in Dubai,” said Kazantzas.
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