The Burj Khalifa, the world’s tallest building, towers above all other structures in Dubai. The city’s housing market is in the doldrums. Photo: AFP
The Burj Khalifa, the world’s tallest building, towers above all other structures in Dubai. The city’s housing market is in the doldrums. Photo: AFP

Dubai offers long-term residence, retirement visas to lure wealthy Chinese to boost slumping property market

  • The Gulf city is offering visas with validity of up to 10 years for investors buying property worth 5 million dirhams (US$1.36 million)
  • Dubai’s property market has been caught in a rut, with property prices falling 13.2 per cent in the 12 months to April

The Burj Khalifa, the world’s tallest building, towers above all other structures in Dubai. The city’s housing market is in the doldrums. Photo: AFP
The Burj Khalifa, the world’s tallest building, towers above all other structures in Dubai. The city’s housing market is in the doldrums. Photo: AFP
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