Interest in Dubai property is soaring among potential buyers from China, according to the Chinese property portal Juwai.com.
The firm, which specialises in overseas property searches for Chinese nationals, said that investor interest in Dubai increased by 1,200 per cent year-on-year in August.
The company said the increase in its Purchasing Intent Index compares extremely favourably with other world markets. For instance, in the five territories that are currently most popular with Chinese buyers – the US, Australia, UK, Canada and New Zealand – the index rose by just 30 per cent. Details