30 November 2008

Chinese investors channel over USD 36 million into Dubai real estate market in first three quarters of 2008


REIDIN.com hosts ‘Investment Seminar’ at MIPIM Asia to highlight the emergence of Asian investors

Chinese investors have channelled over USD 36 million (AED 132 million) into the real estate sector in Dubai in the first three quarters of 2008, according to REIDIN.com, the world’s first and leading global online information services provider. With the aim of highlighting the emergence of Chinese and other Asian investors, REIDIN.com has recently hosted a high-profile ‘Investment Seminar’ as a part of its participation at MIPIM Asia, the world’s premier real estate summit. Charlie Nixon, Regional Manager Asia, REIDIN.com delivered a keynote presentation focusing on the proprietary business news, analysis, research, data and intelligence offered by the company at MIPIM Asia, which was held at the Hong Kong Convention and Exhibition Centre in Hong Kong from November 19 – 21, 2008.

According to official statistics from DUBAIFocus, a joint initiative between REIDIN.com and the Dubai Land Department, the first exclusive online information product tracking real estate deals and transactions in Dubai, Chinese investors currently comprise the fifth biggest segment of Asian investors in Dubai. Other Asian Investors with significant interests in the Dubai’s real estate sector include those from Pakistan who invested more than USD 1.6 billion (AED 6.09 billion), Afghanistan – more than USD 475 million (AED 1.7 billion) and Singapore – more than USD 41 million (AED 150 million) during the first three quarters of 2008. Offering investors and real estate professionals the most comprehensive and up-to-date information on real estate investment deals in the Dubai market and the Middle East markets, the seminar at MIPIM Asia attracted top-level investors and players from the Asian real estate sector.

“We have noticed that Asian investors, particularly the Chinese, have remained strongly committed with their investment activities in Dubai. The past three quarters are particularly relevant as the global financial crunch hit hardest during this period. Yet, as reflected by latest available figures, investors from these countries have continued to actively invest in real estate projects all over the UAE. Such a high level of confidence despite the ongoing global financial crisis indicates that the UAE, particularly Dubai, still remains highly attractive for real estate investment,” said Charlie Nixon.

MIPIM Asia is an exciting business-to-business property event that focuses on the Asia-Pacific region and offers an exclusive platform for property developers with local expertise to meet with regional and international investors who are looking for opportunities in the most vibrant property markets in the world. The event gathers the most influential decision-makers in the global market and provides them with an unrivalled access to the largest showcase of development projects in the world. Further, this year’s edition hosted a total of 1,052 companies, including 236 exhibitors, 561 delegates from 388 companies, and 675 Pan-Asian companies, making it essential for REIDIN.com to provide investors and industry professionals with the latest and most accurate market information.

“Our knowledge database has been growing at an overwhelming rate; our subscribers currently can access over 29,000 real estate related transaction records, which is impressive by any standards. Our exclusive partner and primary data source for DUBAIFocus is the Real Estate Regulatory Authority in Dubai along with Dubai Land Department, and together we are committed to provide the most updated and relevant information in a cost effective and timely manner to decision makers in the real estate and financial sectors,” said Ahmet Kayhan, CEO REIDIN.com.

“Further, we have entered into partnership agreements with more than 70 major firms including CB Richard Ellis, Deutsche Bank Research, Pramerica Real Estate, NAI Global, ImpressMedia, ASAPP Media, EuropaProperty, HVS International, AMEinfo.com, AII, Xinhua Finance, Global Investment House, AT Kearney and the UNCTAD to create a one-of-a-kind database that will be regarded as the most trusted source for information about the real estate sector in the emerging markets,” concluded Ahmet Kayhan.

By providing the most accurate and up-to-date information, REIDIN.com enables investors and industry professionals to make informed decisions and increases their productivity by providing them with the tools and services they need for accessing the right business intelligence on time. The company presently covers all politically stable developing countries, which attract a big amount of FDI into its Real Estate markets, and serves investors, decision-makers and industry professionals across the globe. For further information please visit: www.reidin.com.

About REIDIN.com
REIDIN.com is the world’s first online information company providing a range of intelligence products dedicated to meeting the unique requirements of real estate market professionals interested in emerging markets. REIDIN.com services are used by investors, fund managers, developers, consultants, researchers, valuation experts, construction and project managers, occupiers, as well as many others who are interested in monitoring and understanding the market trends and business challenges relevant to them in real estate markets.

REIDIN.com provides hard to find proprietary business news, analysis, research, data and intelligence with online tools and services that enable real estate professionals to enhance their understanding of emerging markets such as United Arab Emirates, China, India, Vietnam, Singapore, Malaysia, Russia, Saudi Arabia, Kuwait, Turkey, Poland, Bulgaria, Romania, Hungary, Brazil, Argentina and more.

Moreover, to cater to the specific demands of Dubai’s booming property market, REIDIN.com has teamed up with the Dubai Land Department to establish DUBAIFocus, the first exclusive online information product tracking real estate deals and transactions in Dubai. DUBAIFocus – which has data from the year 1973 – provides daily information on all types of land, villa and flat deals (sales, mortgage, lease, grant, inheritance, etc.) in Dubai.

For more information, please contact:
REIDIN.com – Head Office
BBC Building-10, Office 142,
PO Box 333929, Dubai Media City,
Dubai, United Arab Emirates
Tel +971-4-433 06 61
Fax +971-4-360 47 88
Email : nrizvi@reidin.com
Website : http://www.reidin.com

CommuniGate Middle East
PO Box 66861, Dubai, UAE
Tel: +971 4 3988134
Fax: +971 4 3988137
Email: info@communigateme.com
Website: www.communigateme.com

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