Dubai, UAE: Dubai Chamber of Commerce and Industry (Dubai Chamber) has supported Dubai’s high-end real estate sector through its sponsorship of LPS Beijing 2018, China’s leading invitation-only luxury property show.
Dubai Chamber was a strategic partner for the three-day event, which took place June 22-24 and showcased an array of companies operating in Dubai’s elite property sector to affluent customers in the world’s second largest economy.
Around 6,000 Chinese home buyers, high-net-worth individuals, officials and VIPs visited the 17th edition of LPS Bejing 2018, with the guests reviewing premium property options from more than 140 international exhibitors from 35 countries and 220 destinations. A total of 16 UAE companies had stands at the event, with Dubai Chamber’s booth a focus of activity from Chinese investors keen to find out more about business opportunities in Dubai’s luxury real estate sector.
As well as being a strategic partner for the overall exhibition, Dubai Chamber was the co-organiser of its Luxury Dubai VIP event. The exclusive event saw 150 invitation-only guests review high-end properties in Dubai, with the event attended by H.E. Obeid Al Dhaheri, UAE Ambassador to China.
“We are delighted to extend our support as a strategic partner for LPS Beijing 2018 as it serves as an ideal platform for showcasing Dubai as a thriving and global business hub. Whether you are looking for an apartment, a villa, or an office, you will find that Dubai offers something for every taste and great value for investment when compared to other major cities around the world. Looking ahead, there are plenty of reasons to be optimistic about the growth prospects of Dubai’s luxury property market, given the large number of high-end developments in the pipeline,” said Omar Khan, Director of International Offices, Dubai Chamber, during his opening address at the Luxury Dubai VIP event.
Dubai Chamber’s support for LPS Beijing 2018 comes on the back of strong investment from Chinese investors in Dubai’s real estate market, with Chinese buyers making more than 2,000 property transactions in Dubai worth $844 million between January 2016 and June 2017, a figure that is expected to grow considering the expanding trade links between China and Dubai. China remains Dubai’s top trading partner, with bilateral non-oil trade reaching nearly $48 billion in 2017.