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After Dubai was locked down a few months ago, Dubai property buyers should look at the current situation and developments in the Dubai property market that can be expected in short to medium term.
A minor weakness of the US dollar against major world currencies, as measured by the so-called dollar index, has made real estate in Dubai cheaper. It is clear that the shifts mentioned earlier in the currency constellation will positively impact the demand for capital goods in Dubai, especially real estate.
The escalating trade war between China and the United States, are increasingly prompting Chinese entrepreneurs and wealthy people to look for alternative places to invest, study for their children and personal residence.
For several years, both governments have been actively promoting the development of economic relations between China and the UAE (especially Dubai).
Dubai FDI Monitor estimates the flow of Chinese direct investment into the Dubai economy at AED 12 billion (about € 2.8 billion) - a rapidly increasing trend.
Dubai’s central location between east and west, its modern logistics infrastructure, its integration into China’s Silk Road initiative (Belt and Road Initiative), and tax exemptions for commercial and personal income speaks in favour of Dubai.
