4 / 18
Al Mazaya report pointed out that the
emirate of Dubai, as well as its concepts
of civilisation, progress and prosperity,
is now able to attract tourists from
all over the world. The circulated
data indicates that the increase in
numbers of Chinese tourists to Dubai
will reach 30% at the end of this
year. The emirate has strengthened
its position in the Chinese tourism
market, with the number of Chinese
tourists rising by 25% over the past
year. This success was achieved in
light of Dubai’s success in attracting
Chinese companies and participating
in local exhibitions, international
conferences and meetings pertaining
to the work of these companies. China,
with its human and financial strength,
is a target for tourism-makers in
Dubai. Chinese tourists are estimated
to reach 100 million tourists by the
year 2020, and it is worth mentioning
here that the remarkable increase of
Chinese investments in Dubai aims
to take advantage of Dubai’s status
and potential, which will be a gateway
to the region's markets in all areas,
taking into account the fact that Dubai
has become a centre of attraction
for businessmen and investors from
China who visit Dubai throughout
the year to attend exhibitions and
conferences. Dubai is the beating heart
of trade, investment, and finance, and
sees a large Chinese turnout in many
exhibitions, particularly Cityscape,
Gitex and other exhibitions and events.
4
Mazaya Monthly Real Estate Report -
Week 1 - December 2015
Al Mazaya report stresses the importance
of Dubai properties at the external level.
Statistics show the increase of foreign
investments, and the Land Department in
Dubai reported that the total real estate
dispositions during the eight months of
2015 amounted to AED 86.5 billion and
were divided into two halves: citizen
investments and foreigner investments.
Indian investors topped the list of foreign
investors with real estate investments up
to AED 13.5 billion. Chinese investments
during the same period amounted to AED
1.6 billion, and Russian investments AED
1.8 billion. The report also confirms the
validity of the indicators for the increase
of Asian investments in properties and
assets outside their home countries,
stressing that the real estate market in
the emirate of Dubai enjoys activity by
investors from abroad due to the high
standard of living and the availability of
modern living conditions, in addition to
Dubai being one of the world's largest
centres for exports and re-exports. At
this level of diversity and inclusiveness,
Dubai markets provide Asian investors
with easy access to regional and
global markets and varied packages of
investment opportunities at competitive
prices along with strong partnerships
with local partners, confirming that
Dubai markets top the most important
global indicators monitored by investors
when making investment decisions.