{"id":10410,"date":"2016-04-11T22:35:39","date_gmt":"2016-04-11T15:35:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=10410"},"modified":"2016-04-11T20:41:18","modified_gmt":"2016-04-11T13:41:18","slug":"propspace-deal-opens-chinese-market-for-uae-property-agents","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propspace-deal-opens-chinese-market-for-uae-property-agents\/","title":{"rendered":"Propspace deal opens Chinese market for UAE property agents"},"content":{"rendered":"


\n
\nDubai’s JRD Group has signed a deal with China’s Juwai.com that will allow Dubai-based agents and developers to more easily sell properties to Chinese investors.JRD Group, which is behind the Justproperty.com portal, said that brokers who use its Propspace CRM system can now easily list its properties on Juwa, which means “home overseas” that targets customers looking to buy overseas property. Juwai.com said that Chinese nationals have become the world’s biggest buyers of property, snapping up US$52 billion of property overseas in 2014 – a figure that is expected to rise to $220bn by 2020.
\nTo date, the bulk of this investment has gone into favoured markets in the US, Australia, Canada and the UK (mainly London). However, the chief executive of Juwai.com, Charles Pittar, said that inquiries through his company’s site for UAE properties increased by 15 per cent last year.JRD Group’s chief executive, Alex Nicholls, said its tie-up would give them “easier access to the influential Chinese investor segment”.
\nThey need to pay a fee to register with Juwai.com, which varies depending on the size of client and the level of engagement. For example, Mr Pittar said that alongside translating listings and placing them on its site, it hosts events and has its own media channels. It also offers advice on how to market to Chinese buyers – something it has already been doing for Dubai-based SPF Realty. Mr Pittar said Chinese investors typically have four motivations for buying property – as an investment, a luxury home, for education purposes or for immigration status. For those looking at UAE properties, investment and education were key.
\n“There’s almost a guaranteed return of 8 per cent on an investment into real estate in the UAE, specifically in Dubai. From a Chinese perspective, that is a very good number,” said Mr Pittar. “That would probably outdo most markets in the world.”He added that UAE campuses of major schools like New York University, American University and Paris Sorbonne were also of interest.”Education is a massive motivator. Some 20 per cent of the audience we get are looking to buy internationally for their kids to have somewhere safe to live when they study overseas.”
\nHe argued that UAE brokers and developers should work more closely together to promote the country to Chinese buyers and also visit smaller Chinese cities where there is still plenty of demand but less competition.Fang.com launched its own web portal last month for Chinese buyers looking at Dubai property.The company, which is owned by Beijing-based SouFun Holdings, said that Chinese buyers bought Dh2.6bn worth of property in the emirate last year – more than double the amount invested in 2014, according to Dubai Land Department figures.
\n“We have observed growing interest in this part of the world among our Chinese clients,” said Wang Ning, the deputy general manager of SouFun International.”Our clients are looking beyond traditional destinations like New York and Sydney and are seeking for higher returns on their investments. Dubai naturally becomes Fang’s pick as it offers a much higher, tax-free, rental yield.”mfahy@thenational.ae
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\n
\nSource : thenational.ae
\nRead more…Propspace deal opens Chinese market for UAE property agents<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai’s JRD Group has signed a deal with China’s Juwai.com that will allow Dubai-based...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-10410","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2HU","jetpack-related-posts":[{"id":10420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/listings-deal-helps-open-up-chinese-market-for-uae-properties\/","url_meta":{"origin":10410,"position":0},"title":"Listings deal helps open up Chinese market for UAE properties","date":"April 11, 2016","format":false,"excerpt":"\r \r Dubai's JRD Group has signed a deal with China's Juwai.com that will allow Dubai-based agents and developers to more easily sell properties to Chinese investors.JRD Group, which is behind the Justproperty.com portal, said that brokers who use its Propspace CRM system can now easily list its properties on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52093,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warren-buffett-hooks-up-with-property-portal-juwai-com-to-spur-chinese-buying-of-us-properties\/","url_meta":{"origin":10410,"position":1},"title":"Warren Buffett hooks up with property portal Juwai.com to spur Chinese buying of US properties","date":"April 17, 2017","format":false,"excerpt":"\r Berkshire Hathaway HomeServices on Monday said it entered into a marketing agreement with Juwai.com, China \u2018s largest international property website, to attract wealthy Chinese buyers looking to purchase homes in the United States. The real estate affiliate of billionaire investor Warren Buffett\u2019s Berkshire Hathaway said the agreement will allow\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jd-com-starts-marketing-overseas-properties-to-its-300m-online-buyers\/","url_meta":{"origin":10410,"position":2},"title":"JD.com starts marketing overseas properties to its 300m online buyers","date":"April 2, 2018","format":false,"excerpt":"\r JD.com, the Chinese e-commerce giant, has expanded its domestic real estate offering by selling overseas properties too, despite the strict capital controls still in place on money leaving the country imposed by the government. From Sunday, the website is partnering with Juwai.com \u2013 an international property listing site targeting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26157,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-sothebys-and-juwai-com-are-joining-forces-to-work-around-internet-censorship-in-china\/","url_meta":{"origin":10410,"position":3},"title":"How Sotheby\u2019s and Juwai.com are joining forces to work around internet censorship in China","date":"September 15, 2016","format":false,"excerpt":"\r The alliance will provide competitive advantages to realty firm\u2019s associates Online censorship in China is so extensive that it has been nicknamed \u2018The Great Firewall.\u2019 wk1003mike \/ Shutterstock For Sotheby\u2019s International Realty, courting affluent Chinese buyers has become more requisite than ever. China is already the second-largest source of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52151,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-factors-driving-chinese-demand-for-overseas-property\/","url_meta":{"origin":10410,"position":4},"title":"The factors driving Chinese demand for overseas property","date":"April 18, 2017","format":false,"excerpt":"\r China's hot property market and a desire for wealth preservation are some of the drivers of foreign property purchases, says Matthew Moore of Juwai.com.\r \r Source : cnbc.com\r Read more...The factors driving Chinese demand for overseas property","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-interest-in-malaysian-property-increased-five-fold-this-year\/","url_meta":{"origin":10410,"position":5},"title":"Chinese interest in Malaysian property increased five-fold this year","date":"October 10, 2016","format":false,"excerpt":"\r But why now? View of Penang from The Kek Lok Si Temple. Puripat Lertpunyaroj\/Shutterstock Chinese buyer enquiries for properties in Malaysia soared 550 percent in the year to August 2016, with\u00a0views of properties listed online flew 52.7 percent\u00a0Juwai.com reported. \u201cFor Chinese buyers, Malaysia is a nearby, easily accessible country\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10410"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=10410"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10410\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=10410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=10410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=10410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}