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.
To learn more about this and other projects from Emaar in different parts of Dubai, including also the
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