Chinese investor spends $1.9 billion in Dubai property market
Real estate developer Dubai Pearl sold property assets worth $1.9 billion (£1.1 billion) to a Hong Kong-based investor, in a sign of increasing Chinese interest in Dubai's booming property market.
Chow Tai Fook Endowment Industry Investment Development (Group) Ltd (CTFE), a partner of China's Ministry of Civil Affairs, bought serviced apartments, high-end residences and two five-star hotels, Dubai Pearl said in an emailed statement.
To see a list of investors from China similar to Chow Tai Fook Endowment Industry Investment Development (Group) Ltd check our Chinese Investors Directory
More details follows from Reuters
February 6, 2014 |
Filed under
Previous Post: China Galloping Horse to acquire Hollywood studio for $30 million
Next Post: Chinese investor Hui buys United Dairy Power
Investors Directory 2022
