Dubai’s property boom, driven by investor-friendly reforms and expat demand, particularly from Russia, is slowing down, according to DAMAC Chairman Hussain Sajwani. However, there is new growth in demand from China, with Emaar Properties reporting that Chinese investments made up 7% of total sales in the first half of 2023. Dubai’s residential rental yields, relaxed tax laws, and the UAE’s refusal to participate in Western sanctions campaigns make it an attractive destination for wealthy Chinese investors. The emirate has remained stable despite regional conflicts, and its lifestyle, security, and political stability continue to attract people to reside in Dubai.
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