Is Dubai part of the Chinese dream?
The bubble created in Dubai’s real estate market burst in 2008, but the sector is now making a comeback, attracting global investors including those from China, reports Shanghai’s China Business News.
Housing prices in Dubai have surged by nearly 30% over the past year, with Dubai-based real estate developers, such as Nakheel Properties, recruiting salespeople that can speak Chinese to attract Chinese investors entering the market.
Although their number still lags behind investors from Europe, the United States, Russia and India, Chinese investors represent the future, the paper said.
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