Wednesday 24 July 2024

Dubai Properties flagship project 'top attraction at China expo'

DUBAI, June 24, 2018

Dubai Properties, a member of Dubai Holding, said its upscale projects have received an overwhelming response from the investors and potential buyers in China during its participation at Luxury Property Showcase (LPS) Beijing 2018.

The leading luxury property show which concluded today (June 24), had attracted more than 6,000 visitors with its offering of 140 exhibitors from 35 countries, and a selection of luxury properties located across China, the Americas, Europe and Asia-Pacific.

A key highlight of Dubai Properties’ outing at the exclusive event is its showcase of 1/JBR, the flagship project taking shape on one of the final plots of land in the sought-after Jumeirah Beach Residence district. In addition, Dubai Properties is highlighting its two residential projects in Business Bay - Marasi Riverside, a waterfront tower, and Bellevue Towers, a two-tower development.

The developer is also showcasing its acclaimed communities such as Mudon, the family-friendly community located in Dubailand, featuring townhouses and apartments, as well as three phases of the Mediterranean inspired Serena community and the highly-successful Villanova project to interested high net-worth investors and trade visitors at the Beijing event.

Marwan Al Kindi, the director of sales and sales operations at Dubai Properties, said: "Our participation at LPS Beijing, reflects our commitment to engaging with customers at a time when interest from the Chinese market is at an all-time high."

"Over the past two years Chinese buyers have consistently ranked amongst Dubai Properties’ top ten buyer nationalities in terms of value, however as recently as April they were in the top five, so there is a clear trend for us to capitalize on. Our presence will allow us to further tap into this key market that currently represents three percent of Dubai’s real estate transactions, noted Al Kindi.

"We also believe the recent landmark decision by the UAE Cabinet to issue a 10-year visa to investors and allow for 100 per cent foreign ownership of companies will further boost Dubai’s profile as a global safe haven for investors," he added.-TradeArabia News Service

Tags: Dubai Properties | China expo | LPS Beijing |

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