After huge successoperating in cities like New York, Vancouver, Sydney and Singapore, they haveset eye on Dubai to be the next hot destination for Chinese real estate buyers
SouFun Holdings, the parent company of Fang.com, China’s largest real estate internet platform, with 30 million daily website visit, are launching their Dubai web-portal (www.dubai.fang.com) on the 19th March 2016. The new web-portal will serve as a platform for showcasing property listings to Chinese buyers who are interested in purchasing real estate in the Dubai, aswell as the other emirates in the UAE.
“We have observed growing interest in this part of the world amongst our Chinese clients.” Said Wang Ning, Deputy General Manager of SouFun International who was here in Dubai on a business trip last week. “Our Clients are looking beyond traditional destinations like New York and Sydney, and are seeking for higher returns on their investments. Dubai naturally becomes Fang’s pick as it offers a much higher, tax-free, rental yield for Chinese buyers who are looking to invest. In addition to the expected growth that the Dubai property market offers, driven by the 2020 Dubai Expo, Chinese buyers are able to enjoy a hassle free experience as the process of transactions is straight forward in comparison with the restrictions that foreign investor shave to go through in other markets”.
Based on recent statistics from Dubai’s Land Authority, Chinese investors have spent AED2.6 billion in Dubai ’s real estate sector in 2015, more than double the investmentin 2014. The launch of Fang Dubai will allow local developers and real estate agencies the perfect platform to advertise their attractive listings to Chinese buyers without language barrier.
Formore information please contact Ms Zoe Wang, +971559388636 firstname.lastname@example.org