Chinese property investors have cast their sights on Dubai as a new investment destination as opportunities in China lose their shine following the recent stock market turbulence.
In Dubai, rental yields for residential properties are 8 per cent on average annually, driven by strong, stable expatriate demand, according to property broker Lisa Luo, who has been based in the city in the United Arab Emirates for eight years.
This compared with yields of just 2 to 3 per cent in China, said Luo, a property consultant at Knight’s Court Real Estate. Details