Follow 'New wave' of Chinese investors set to return to Dubai property market
Living with their family in Dubai, the ease of doing business and the UAE’s safety record are high on the checklist of reasons why Chinese residents are moving to the UAE.
Some are moving back to a city they are familiar with, others will move later this year after Beijing ended stringent quarantine restrictions in place since the start of the Covid-19 pandemic.
The number of Chinese citizens living in the UAE has doubled to 400,000 since 2019 and about 6,000 Chinese companies operate in the UAE, Chinese government figures show.
A vibrant Chinese population and good international schools are key factors when Chinese citizens make comparisons between work and residency options in Dubai, Europe, Asia, the US, Canada or Australia.
Tour groups from China will also resume this month with the UAE included in a pilot list of 20 countries.
China’s Ministry of Culture and Tourism has announced that Chinese travel agencies could begin outbound tours to countries including the UAE, Thailand, Sri Lanka, the Philippines, Singapore, Egypt, South Africa, Russia, Switzerland, New Zealand and Argentina.
My son got good offers from big banks and he selected Dubai. Like him, others will come.
Jiqing Chen,
chair, UAE Shanxi Chamber of Commerce
Wu Zixuan left her home in Beijing just before New Year to be with her husband who has been working in Dubai for about 10 years.
Known as Vivi to friends, Ms Wu is keen to stay in Dubai at least until her son Ming, 8, completes his education.
The past few years have been tough as Ms Wu’s husband who works in the petroleum sector was unable to visit them frequently in China due to weeks-long quarantine regulations.
“The basic reason is for family, I want my family to live together,” says Ms Wu, a lawyer who specialises in intellectual property rights.
“I’m also interested in how to support my son’s education. I don’t want to keep changing the environment as he grows older.
“I want a stable situation for my family.”
Choice of schools
Dubai’s choice of schools from the International Baccalaureate to the American curriculum was an added draw.
Ms Wu is no stranger to Dubai having lived in the city for two years in 2018.
She moved back to China in March 2020, just before Covid-19 lockdowns shut national borders, as she was wanted her son to better understand their native culture.
“I went back because I wished my son would have a deep understanding of our language, our poems,” she said.
“But I did not like that my husband could not visit often. It impacted our family and so we decided to reunite.”
Her son’s acceptance at the Dubai International Academy, an IB institution on her shortlist of Dubai schools, cemented her decision to return.
Enthusiastic about Dubai, she ticks of the city’s advantages to friends and family in China who are considering a move.
“Chinese parents think a lot about their children’s education and schools in Dubai and Abu Dhabi are good,” Ms Wu said.
“I tell my friends Dubai is a good choice - they can start some business here.
“There are so many reasons I came back. I like the people, I like the smiles on people’s faces here, also the city is so international.
“I can feel the warmth. I like the safety of Dubai.”
However, the rising cost of living has come as a surprise when she compares prices to two years ago.
She pays Dh100 more on grocery shopping a week and finds restaurant meals more expensive.
Ms Wu is thankful education fees have not risen. Dubai's government has frozen private tuition fees for three years in a row.
“The prices are getting higher,” she said.
“For people who have lived in Beijing or big cities, they may think it’s okay.
“But it will be expensive for people from smaller villages.
“For people who have the financial ability to live abroad – Dubai may be one of the options but not the only option.”
'American cities just aren't safe'
Bingbing Chen has returned to Dubai, a city he has known as home since the age of five, from the United States.
The spate of shootings in California last week that killed at least 25 people vindicated his decision to leave after finishing a master’s degree in August.
“I have seen how dangerous the US can be like the violence during Lunar New Year in California,” the 25-year-old said.
“Usually California or New York is the place you want to start a business in - but both are filled with violence.”
He had a harrowing first-hand experience some years ago as witness to a mugging near his college campus in Boston.
“The guy covered his face, had a gun in his hand and assaulted a person in front of me,” he said. “That ended everything in my mind about staying in the US.
“I knew I didn’t want to be a victim.”
Mr Chen declined job offers from top investment banks in the US and China and instead aims to grow his parent’s shoe business in Dubai and later build a company of his own.
The emirate’s business-friendly and quick processes are a welcome change from the challenges he encountered when attempting to launch a small business project in the US.
“Dubai is a much better choice for me mainly because of the infrastructure to support small businesses,” he said.
“I want to be an entrepreneur and it was so easy to open a new office here.
“In the US, everything is time consuming. There are different laws in every state and separate federal laws when I tried to growing the family business there.”
He is working to set up an online platform so Lucky Shoes, his family business can attract buyers globally.
Mr Chen is upbeat about Chinese interest in the UAE following revamped visa rules.
“A lot of Chinese companies are looking to start here especially e-commerce firms,” he said.
“There will be a bunch of people seeking opportunities here now that travel restrictions have ended.”
Jiqing Chen, Mr Chen’s mother, promotes the city by telling her family’s story.
A wholesale shoe business she and her husband ran in 1999 has grown to a manufacturing company with three retail stores.
“We are a good example when Chinese people ask for more information about Dubai,” said Ms Chen, chairperson of the UAE Shanxi Chamber of Commerce.
“I always advertise Dubai.
“There is a lot of competition in China so people look at investment in Dubai.
“There is interest in the golden visa.
They will also come because their children can study in Dubai schools.”
She spoke of a rising interest among Chinese nationals to make UAE their base.
“My son got good offers from big banks and he selected Dubai,” Ms Chen said.
“Dubai feels like his home country, he understands Dubai.
“Like him, others will come.”
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Engine: 5.6-litre V8
Transmission: seven-speed automatic
Power: 400hp
Torque: 560Nm
Price: Dh234,000 - Dh329,000
On sale: now
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
The bio
Favourite vegetable: Broccoli
Favourite food: Seafood
Favourite thing to cook: Duck l'orange
Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania
Favourite place to travel: Home in Kuwait.
Favourite place in the UAE: Al Qudra lakes
The cost of Covid testing around the world
Egypt
Dh514 for citizens; Dh865 for tourists
Information can be found through VFS Global.
Jordan
Dh212
Centres include the Speciality Hospital, which now offers drive-through testing.
Cambodia
Dh478
Travel tests are managed by the Ministry of Health and National Institute of Public Health.
Zanzibar
AED 295
Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.
Abu Dhabi
Dh85
Abu Dhabi’s Seha has test centres throughout the UAE.
UK
From Dh400
Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Sheer grandeur
The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.
A clear distinction between the residences and the Raffles hotel with the amenities operated separately.
The specs
Price: From Dh529,000
Engine: 5-litre V8
Transmission: Eight-speed auto
Power: 520hp
Torque: 625Nm
Fuel economy, combined: 12.8L/100km
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Best Foreign Language Film nominees
Capernaum (Lebanon)
Cold War (Poland)
Never Look Away (Germany)
Roma (Mexico)
Shoplifters (Japan)
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COMPANY%20PROFILE
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More coverage from the Future Forum
'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
Brief scoreline:
Liverpool 5
Keita 1', Mane 23', 66', Salah 45' 1, 83'
Huddersfield 0
If you go
The flights
Emirates flies from Dubai to Funchal via Lisbon, with a connecting flight with Air Portugal. Economy class returns cost from Dh3,845 return including taxes.
The trip
The WalkMe app can be downloaded from the usual sources. If you don’t fancy doing the trip yourself, then Explore offers an eight-day levada trails tour from Dh3,050, not including flights.
The hotel
There isn’t another hotel anywhere in Madeira that matches the history and luxury of the Belmond Reid's Palace in Funchal. Doubles from Dh1,400 per night including taxes.
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
RESULTS
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Results
5pm: Handicap (PA) Dh80,000 1,400m; Winner: Faiza, Sandro Paiva (jockey), Ali Rashid Al Raihe (trainer).
5.30pm: Handicap (TB) Dh90,000 1,400m; Winner: Greeley, Connor Beasley, Helal Al Alawi.
6pm: Emirates Fillies Classic Prestige (PA) Dh100,000 1,600m; Winner: Marzaga, Jim Crowley, Ana Mendez.
6.30pm: Emirates Colts Classic Prestige (PA) Dh100,000 1,600m; Winner: Jawaal, Jim Crowley, Majed Al Jahouri.
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m; Winner: AF Ashras, Tadhg O’Shea, Ernst Oertel.
7.30pm: Handicap (PA) Dh80,000 2,200m; Winner: Somoud, Richard Mullen, Ahmed Al Mehairbi.
The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
AndhaDhun
Director: Sriram Raghavan
Producer: Matchbox Pictures, Viacom18
Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
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The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
Brief scores:
Day 1
Toss: South Africa, field first
Pakistan (1st innings) 177: Sarfraz 56, Masood 44; Olivier 4-48
South Africa (1st innings) 123-2: Markram 78; Masood 1-4
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
More on animal trafficking
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Ireland v Denmark: The last two years
Denmark 1-1 Ireland
7/06/19, Euro 2020 qualifier
Denmark 0-0 Ireland
19/11/2018, Nations League
Ireland 0-0 Denmark
13/10/2018, Nations League
Ireland 1 Denmark 5
14/11/2017, World Cup qualifier
Denmark 0-0 Ireland
11/11/2017, World Cup qualifier
Killing of Qassem Suleimani
yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Killing of Qassem Suleimani
More from Rashmee Roshan Lall
Biography
Favourite Meal: Chicken Caesar salad
Hobbies: Travelling, going to the gym
Inspiration: Father, who was a captain in the UAE army
Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
Favourite film: The Founder, about the establishment of McDonald's
ON%20TRACK
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Match info
Uefa Champions League Group H
Juventus v Valencia, Tuesday, midnight (UAE)
Company%20profile
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What is a calorie?
A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.
One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.
A kilocalorie represents a 1,000 true calories of energy.
Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.
Alcohol contains about seven calories a gram.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G