Dubai - Mubasher: Uncertainty in Europe following the Brexit referendum could attract a new wave of Chinese investment in Dubai, according to Bernie Morris an analyst in Chinese international property website Juwai.com.
These investments could be encouraged by the offer of quality new homes with potential for price growth in the UAE, analyst Morris said in Juwai statement issued Tuesday.
“Chinese property investors may react to the Brexit uncertainty with a flight to quality. This will only enhance the UAE’s prominence within the Middle East as the premier destination, one with a similar investment profile to parts of Europe,” said Morris.
“Developers and marketers already gearing up for the Cityscape Global exhibition and Conference in Dubai in September should use the UAE’s world-class universities to attract Chinese parents who are prepared to buy homes for their children to study overseas,” he added.
Cityscape Conference Under the theme “Discovering the future of real estate” will be taking place at the Conrad Hotel in Dubai on 5 September, before the three-day Cityscape Global exhibition opens the following day.
