Dubai property seeks to attract Dh1b from China

Dubai aims to attract Dh1 billion worth of Chinese investments into its property sector as the emirate's real estate is undervalued and offers great yields to Chinese investors both in terms of prices and rentals, officials said on Tuesday.

Richard Huang, chairman of China-based UC Forward, said it would make Dubai a top priority for investments as Chinese investors compare Dubai with mature markets such as Hong Kong and Singapore. Read more