Saturday, March 25, 2017

Falconcity of Wonders unveils key project at China expo

Leading UAE developer Falconcity of Wonders is showcasing its ambitious multipurpose megaproject in Dubai, at the ongoing Dubai Property Show (DPS) – Shanghai, China.

As the event's platinum sponsor, the developer will connect China’s leading entrepreneurs, investors, and high-net-worth individuals with Dubai’s dynamic real estate community with a focus on its ‘The World in A City’-themed development.

Dubai’s property sales have increased since the beginning of 2017, largely due to increased interest from overseas investors led by China and India.

China, one of FCW’s leading investors, grew its overseas real estate investments by more than 50 per cent to $33 billion in 2016 and is eyeing even more commercial, hospitality and residential deals in Dubai.

The Hurun Report, a magazine that monitors the activities of China’s high net worth individuals, affirms that property remains the most popular overseas investment for Chinese worth $1.5 million or more.

Of this demographic, 60 per cent intend to invest in property over the next three years – representing a huge potential buyer base of 800,000.

During Dubai Property Show – China 2017, Falconcity of Wonders will highlight the many facets of Dubai that continue to draw in global property investors – including a safe and peaceful environment, investor-friendly government policies, higher return on investment and capital gain, buoyant tourism sector, and market stability.

It will specifically share the benefits of investing in the Falconcity of Wonders, a sprawling 41-million-sq-ft residential, tourist, entertainment and recreational mega project featuring versions of the iconic Wonders of the World that magnify Dubai’s prestige as a multicultural metropolis.

Salem Almoosa, the chairman and general manager, Falconcity of Wonders, said: "Dubai is known to be one of the most global cities and one with the highest growth potential in the region."

"Based on this exceptional outlook, the emirate is expected to yet feature higher investment opportunities this year," noted Almoosa.
 
"Dubai Property Show – China is an excellent stage for us to help showcase the emirate’s unrivalled strengths as an investment destination for Chinese investors and how Falconcity of Wonders can help them get high returns out of this lucrative market," he stated.

"We are excited to share the various components of our own mega development to potential Chinese investors looking for diversity, novelty, and flexibility in Dubai," he added.-TradeArabia News Service



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