BEIJING // Jumeirah Golf Estates opened its doors to some of the world’s biggest property buyers at Beijing’s Luxury Property Showcase on Friday as 120 companies from 35 countries chased Chinese customers.
The Chinese have bought everything from luxury homes and commercial units in countries including the United States, Australia, Mauritius and New Zealand.
In recent years, they have diversified into European and Asian property markets.
“We are expecting more than 6,000 visitors to the property show,” said Jenny Hanshen, marketing and communications manager for the showcase. “We expect a significant number of them to enter into business transactions.”
Ms Hanshen said the American presence was the strongest at the three-day event, while Australian companies made up the second-largest contingent.
Last year, half a million visitors from China visited Dubai and there are about 4,200 Chinese businesses in the UAE, meaning that Chinese property investors have become a target market for Dubai companies such as JGE and Damac Properties.
Salman Bin Karam, the senior manager of JGE, said Chinese investors are increasingly keen to invest.
“We came here to showcase phase one of Jumeirah Golf Estate,” Mr Bin Karam said. “We are here to offer opportunities to Chinese investors, who want to have a second home in Dubai or invest for property income or rentals.
“There is an appetite among Chinese to invest in Dubai because it offers a tax free environment, a wide range of shopping and leisure facilities.”
JGE is offering 1,000 residential units inside its golf courses.
Mr Bin Karam said: “We have two championship golf courses. These are 18 hole golf courses with international standards.”
Nearly 70 per cent of people who buy housing property do not necessarily play golf but they like the surroundings, he said.
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Know your camel milk:
Flavour: Similar to goat’s milk, although less pungent. Vaguely sweet with a subtle, salty aftertaste.
Texture: Smooth and creamy, with a slightly thinner consistency than cow’s milk.
Use it: In your morning coffee, to add flavour to homemade ice cream and milk-heavy desserts, smoothies, spiced camel-milk hot chocolate.
Goes well with: chocolate and caramel, saffron, cardamom and cloves. Also works well with honey and dates.
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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COMPANY PROFILE
Company name: Klipit
Started: 2022
Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant
Based: Dubai, UAE
Industry: Digital receipts, finance, blockchain
Funding: $4 million
Investors: Privately/self-funded
