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Real Estate Briefing - Categorized | Investment, Middle East and Africa more

Chinese investment in Dubai properties rises 700pct

Posted on 23 December 2010

From Thenational.ae: Chinese investors have dramatically increased their purchases of residential property in Dubai since the collapse of prices in the emirate two years ago, an analysis of sales data shows.
In the first eight months of this year, Chinese buyers purchased Dh578 million (US$157.3m) worth of homes, a 700 per cent increase on the Dh82m figure for the same period in 2008, according to data compiled by REIDIN.com……………………………………….Full Article: Source

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