The UAE was the eighth-most popular country searched by Chinese property buyers last year.
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Fidu will soon be introducing different real estate projects in Dubai to its high-profile list of investors.
Fidu Properties, one of the leading Chinese companies in the UAE property market, has announced plans to pump nearly Dh2 billion ($544 million) into Dubai's real estate sector by the end of this year.
As part of its regional expansion strategy, Fidu will soon be introducing different real estate projects in Dubai to its high-profile list of investors.
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Over 180 countries are set to participate in Dubai’s Expo 2020, but few of them will be as closely watched as China, which officially confirmed its participation at the event earlier this month.
The world’s second largest economy has seen trade ties with Middle Eastern nations grow rapidly in the past decade, and views the Arab world as a crucial part of its wider Belt and Road Initiative. The plan seeks to forge new trade links by land and sea along the ancient Silk Road from Asia to Europe. Dubai and the United Arab Emirates (UAE) seem ideally located to benefit.
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China remained Dubai's biggest non-oil trade partner in 2017 with 176 billion dirham (47.95 billion dollars) worth of trade, local media reported Monday.
This accounted for 13.6 percent of Dubai's total non-oil foreign trade, which grew 26 billion dirham to reach 1.302 trillion dirham in 2017, from 1.276 trillion dirham in 2016, the United Arab Emirates (UAE) state news agency WAM reported.
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