New building
Property type
No. of bedrooms
Area

Chinese company invested $ 103 million in Dubai real estate

01.07.2018

Multiple transactions between Fidu, the Chinese investment company and Dubai developer Emaar for The Grand project in Dubai Creek Harbor was one of the biggest property deals so far this year. Read more for why international investors prefer Dubai.

Dubai and its Dubai Creek Harbor area in particular, keep attracting big international investors.

Recently, the Chinese company Fidu announced it has entered into a USD 103 million-worth multiple deals with the Dubai’s master developer Emaar for a super-elite apartments at The Grand project located near the center of the Creek Island Dubai. And it’s been said that Chinese company plans to invest USD 544 million more in the emirate’s real estate sector by the end of the year.

Gary Zhang, CEO of Fidu Properties, said that these deals with Emaar were one of the biggest transactions in Dubai this year.

“We are also in talks with Emaar and other developers and are close to finalise more deals in the near future. Dubai is among the leading investment destinations, particularly in the real estate sector,” he added.

Zhang said that Fidu’s clientele was keen to invest even more in Dubai for it offers one of the highest ROIs in the world. He’s voiced an opinion that Dubai’s property market was moving rapidly forward to a balancing point, with Expo 2020 in the short run.

And Dubai Creek Harbor, due to its increasing economic attractiveness and a wide range of commercial facilities, retail units, cafés, restaurants, entertainment facilities, continues to be a magnet for foreign investors’ attention, justifying the "future city" status given to Dubai.

The 62-story The Grand towers contain one, two and three bedroom luxury apartments, four bedroom penthouses and townhouses on the podium level with private gardens, almost all of which had been sold.

But another project in Dubai Creek Harbor by Emaar, claiming to become, perhaps, the new Dubai dominant, is a needle-shaped The Tower. A gating Harbor Gate project, a new mall and a 43-story skyscraper 17 Icon Bay near the 4.5-kilometer boardwalk are also being implemented nearby.

All the advantages of the location are also possessed by a Beachfront Dubai Harbor project with an Emaar Beach Vista luxury community within it.

To learn more about this and other projects from Emaar in different parts of Dubai, including also the Bluewaters Island project located right opposite the Dubai Marina, please contact IMEX Real Estate:

Tel.: +7 903 232 80 80 Oleg Lavrik (Whatsapp, Viber, Telegram)

Tel. UAE: +971 (50) 2528188

Toll Free in Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

Skype: resident69

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Call management
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management