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
Topic |   International Property

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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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