Chinese Investment in UAE Real Estate Down 15 Percent in Q3

Chinese property portal Juwai .com is reporting Chinese property investment in the UAE has slowed in the third quarter of 2019. Juwai Executive Chairman Georg Chmiel commented, "The growth rate tapered off in the third quarter and was down 15% compared to Q3 2018, but enquiry levels remain healthy. "Chinese buyers like the UAE and its long-term investment story, even if the current market is anemic. The UAE builds abundant supplies of relatively affordable luxury homes that appeal to the tastes of mainland Chinese buyers. Purchasing in the UAE is easy due to the simplified paperwork and available financing. The development industry is making a bigger effort to market their property to Chinese buyers by participating in marketing events in China and Hong Kong, building ties with local partners in China, and marketing online in Chinese.