Chinese

Of course, the next growth driver for the Dubai market in 2023 will be the Chinese. Since January 8, 2023, China has abolished mandatory quarantine for travelers, lifted the limit on the daily number of flights, and resumed issuing passports and tourist visas. The number of tour bookings by Chinese travelers tripled in a week.

Exhausted by the three-year lockdown, residents of the Celestial Empire are once again flooding the world's resorts, greedily spending their stale capital. Before the pandemic, Chinese tourists left an average of 250 billion dollars annually for various purchases abroad.

Here's a picture from the sales office of a Dubai real estate developer last week. All the chairs in the deal-making area are already occupied by Louis Vuitton lovers, and in the background, Indian men in shiny pearlescent suits whisper nervously.