Located at the edge of the desert more than 24 miles from the Burj Khalifa , housing and retail business to grow in an environment that is more similar to Beijing than Dubai : Shops and restaurants marked with Chinese characters , the Dragon Mart shopping mall decorated with a giant dragon statue .
Having poured billions of dollars into cities like London in the UK , New York in the United States , and Sydney in Australia , investors and developers expand the reach of individuals from China to Dubai .
About a thousand individual investors China spends 1.3 billion UAE dirhams , or about Rp 4 trillion in land , residential , and office in Dubai last year , according to data from Dubai Land Department . The number was doubled three times larger than the previous year by 288 Chinese investors who reached 486 million dirhams .
Overall, property transactions undertaken by individuals in the United Arab Emirates rose 53 % in 2013 to 236 million dirhams to 114 million dirhams foreign investment in land and property .
" Dubai is increasingly recognized by [ the investors ] China , " said Wang Liao , 30 years old , owner of Atomic Properties , a real estate broker that most of his clients are from China .
Investors and developers of China has not been very active before 2009 when Dubai real estate crisis hit . However , Chinese investors are now playing a major role , according to brokers , developers , and analysts .
Dwelling price rose about 35 % last year . However , the figure was still 20 % lower than the previous price peak . Major commercial property market targeting medium to large enterprises with prices forecast to increase by 10 % in 2014 after an increase of 5% -7 % last year , according to Knight Frank , the property consultant London .
In the period before the explosion , India , England , Pakistan , and Saudi is the largest foreign buyer . However , now , Chinese investors become one of the fastest-growing segment of buyers , according to the Ministry of Land .
Many of the rich China seeks to diversify investments abroad . They consider Dubai as an attractive location because the city believes it can yield 30 % per year - a better percentage from Hong Kong , Shanghai , and Beijing .
Another thing that sustains China's top property investment residence is closer trade ties with the United Arab Emirates , particularly commercial real estate . The developers of the Chinese - private and state-owned - expanding into many countries in order to obtain more stable yields than can be obtained in the country .
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