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|| 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

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