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
Property /  Hong Kong & China

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
Cheryl Arcibal
Cheryl Arcibal

Updated: 7:03am, 12 Jun, 2019

Why you can trust SCMP
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
READ FULL ARTICLE