{"id":103692,"date":"2021-05-18T21:58:00","date_gmt":"2021-05-18T13:58:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=381533"},"modified":"2021-05-18T21:58:00","modified_gmt":"2021-05-18T13:58:00","slug":"dubai-could-lure-wealthy-hong-kong-expats-says-tellimer","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2021\/05\/18\/dubai-could-lure-wealthy-hong-kong-expats-says-tellimer\/","title":{"rendered":"Dubai could lure wealthy Hong Kong expats says Tellimer"},"content":{"rendered":"<div align=\"center\"><a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" ><img src=\"https:\/\/www.mediaintel.asia\/wp-content\/uploads\/mediaintelasia-logo-blackyellow-400x300-1.png\" border=\"0\" width=\"200\" height=\"150\" alt=\"MediaIntel.Asia\"><\/a><\/div>\n<p>DUBAI: Wealthy Hong Kong expats could be tempted to move to Dubai, lured by cheaper homes, an attractive visa regime and a robust vaccination program, a report claims.<br \/>\nDubai has liberalized its visa regime, falls under the UAE\u2019s Abraham Accords with Israel, has maintained a globally rare sense of normality during COVID-19 in terms of outdoor activities and open schools, and is efficiently vaccinating its population, Tellimer said in a research note to clients on Tuesday.<br \/>\nThe cost of living and cheaper house prices could also prove to be a draw.<br \/>\nDubai now has a cost of living more than 20 percent below Hong Kong and Singapore \u2014 the main driver of which is its cheap property market where prices are down 30 percent since 2015. By comparison, Hong Kong real estate prices rose 35 percent over the same period while they were largely flat in Singapore.<br \/>\nThe freeze of assets this month of entrepreneur, media-owner, and pro-democracy supporter, Jimmy Lai, is the latest symbol of the change in Hong Kong since the introduction of the national security law in June 2020, Tellimer said. The move could encourage some of Hong Kong\u2019s wealthy elite to consider moving, it said.<br \/>\n\u201cFor rich expatriates who are affluent enough to move for lifestyle and wealth preservation, as much as income generation, Jimmy Lai\u2019s example may serve as another nudge to consider cities like Singapore, a migration underway for some time judging by the anecdotal evidence of private banker relocations and hiring trends,\u201d said report author Hasnain Malik. \u201cArguably, a more intriguing, and less well-trodden, alternative for rich expats and global emerging market equity investors has emerged in Dubai.\u201d<br \/>\nDubai recently relaxed its visa system in an effort to attract more people to the emirate which was hit hard by a regional economic slowdown even before the onset of the coronavirus pandemic. However the emirate's battered property sector is now showing signs of stabilization with a recent price rebound at the luxury end of the market.<\/p>\n<p>This data comes from <a href=\"https:\/\/www.mediaintel.asia\/\" title=\"MediaIntel.Asia provides Media Intelligence and Media Monitoring in Asia\" >MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI: Wealthy Hong Kong expats could be tempted to move to Dubai, lured by cheaper homes, an attractive visa regime and a robust vaccination program, a report claims.<br \/>\nDubai has liberalized its visa regime, falls under the UAE\u2019s Abraham Accords with I&#8230;<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[586,339,194,1526],"tags":[10424,10323,10324,10338,6738,5998,8707,2172,8864,10328,10385,1859],"class_list":["post-103692","post","type-post","status-publish","format-standard","hentry","category-economy","category-hong-kong","category-news-chinese-law","category-real-estate","tag-china-general-news","tag-coronavirus","tag-covid-19","tag-democracy","tag-dubai","tag-expat","tag-israel","tag-national-security","tag-news-media","tag-pandemic","tag-security-law","tag-singapore"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/103692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=103692"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/103692\/revisions"}],"predecessor-version":[{"id":103693,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/103692\/revisions\/103693"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=103692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=103692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=103692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}