Dubai-based developer to promote 37,000 properties to Chinese buyers

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Dubai-based prominent real estate developer Damac Properties has inked a deal with a Chinese property broker to promote its 37,000 properties in Dubai to Chinese investors.

Beijing-based property broker 5i5j employs nearly 30,000 real estate sales professionals and boasts of “selling a unit every four minutes”.

The deal underlines how Chinese investor interest in Dubai real estate is growing.

In fact, there have been many signs of this phenomenon.  Dubai has seen a surge in the number of Chinese visitors in the recent past, many of them exploring real estate investment opportunities, experts believe.

In 2014, a total of 344,329 Chinese visited Dubai, an increase of 25% over 2013, according to data released by the Dubai Corporation for Tourism and Commerce Marketing (DTCM). Dubai is home to about 200,000 Chinese expatriates.

Wealthy Chinese visitors nominated Dubai as their third most preferr

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