(Hong Kong, 11 January 2016) – Dubai Property Show, an international real estate event from the UAE, comes to Hong Kong in response to a massive increase in Chinese buyers’ interest in Dubai, one of the world’s most lucrative markets. The China debut of the realty expo will offer Hong Kong and Chinese investors the opportunity to meet with over 15 developers showcasing multiple projects and properties to choose from.
The Dubai Property Show, which has had resounding success in London and Mumbai, will be held at the Hong Kong Convention and Exhibition Centre from 28th to 30th January 2016 from 10am to 7pm with free entry. Organized by Sumansa Exhibitions, in collaboration with Dubai Land Department, the event will give Hong Kong and mainland China investors the chance to view and understand the variety of existing and upcoming real estate developments in Dubai.
Chinese citizens invested AED1.77 billion (HKD3.73 billion) in 2014 in Dubai’s real estate market (data issued by the Dubai Land Department) and Chinese investors are in the top 10 list of expatriate nationalities investing in the market.
Hong Kong boasts the second most expensive property market in the world, with USD20,929 (HKD163,246) per square foot for its most luxurious property, whereas Dubai has emerged as an option for reasonable prices per square foot for prime luxury residential property. One million Hong Kong Dollars spent on a luxury property in Dubai can offer up to four times the space compared to Hong Kong.
Sultan Al Suwaidi, Partner of Sumansa Exhibitions LLC,said, “Dubai is the favoured destination for investors looking to live, work and invest long-term. Investing in a property in Dubai is probably the best way to get the most from this progressive destination – now and in the future. The average price of a studio apartment in Hong Kong’s Sheung Wan area is HKD7 million, while for the same amount, one can buy 7 studio apartments in Dubai. Buyers enjoy a lucrative rental fetch within the range of 7-10% compared to 2-3% in Hong Kong. The Dubai Property Show is the best place to start looking at the fantastic property developments in Dubai to make that ideal investment.”
With around 3,000 serious buyers expected at the expo and over 15 world-class developers from the UAE, the occasion will provide tremendous exposure to realty investors as well as individuals.
At the Show, seminars on property investment and legalities offer investors the expertise and advice needed to make the right decisions. Buyers will be able to talk with developers and brokers to help them understand where and how to invest based on their personal investment profile.
The Dubai Property Show in Hong Kong will offer unique guidance and exposure to buyers. Multiple projects and properties will be on display to choose from – ranging from budget and luxury apartments to villas, beach properties, furnished apartments and commercial properties. Visitors will have the unique opportunity to personally network with reputed UAE developers such as Falconcity of Wonders LLC, Nakheel PJSC, Al Marjan Island LLC, Jumeirah Golf Estates, Taktical Realty Group LLC, Seal Real Estate Registration Agent LLC, Driven Properties LLC, SPF Realty Real Estate Broker LLC and Trafalgar Properties LLC, all of whom will be exhibiting their inventories.
“Many Chinese investors have been buying properties overseas to diversify their investment portfolio. More than 300,000 Chinese now visit Dubai each year as tourists, which is always a leading indicator for property transactions. They find Dubai attractive partly because they can achieve returns of as much as 30% annually which beats the Hong Kong, Shanghai and Beijing property markets. The Dubai Realty Show will provide a platform not only for wealthy investors, but also for the general public on investment opportunities in the affordable housing segment in Dubai,” added Al Suwaidi.
A survey by Chinese property portal Juwai.com in September 2015 found a 1,200% increase in buyer interest for properties in Dubai as Chinese buyers have started to move beyond the traditional gateway cities of Hong Kong, Singapore, London, New York, Los Angeles and Sydney.
Global Property Guide, a company that compiles and analyses property price performance of the world’s big economies, puts returns on investment in Dubai of up to 7.21% compared to only 2.82% in Hong Kong.
The 3-day property extravaganza will be open to visitors between 10 am to 7 pm from Thursday 28 – Saturday 30 January 2016, with free entry on all days.