Apartment Prices Comparison in Chinese Currency China Cities vs Dubai
As such, this paper seeks to determine the real estate prices in different cities across the globe in order to make an informed decision when investing in real estate in other countries. To mitigate this, let’s compare apartment prices in major Chinese cities and Dubai using the Chinese Yuan as the currency of conversion.
Average Apartment Prices in Major Chinese Cities
Beijing:
- City Center: Prices range between ¥70,000 and ¥100,000 per square meter.
- Outside City Center: Prices drop to about ¥40,000 to ¥60,000 per square meter.
Shanghai:
- City Center: Expect to pay around ¥75,000 to ¥110,000 per square meter.
- Outside City Center: Prices are approximately ¥45,000 to ¥65,000 per square meter.
Shenzhen:
- City Center: Prices range from ¥70,000 to ¥105,000 per square meter.
- Outside City Center: Around ¥40,000 to ¥55,000 per square meter.
Guangzhou:
- City Center: Apartment prices range between ¥60,000 and ¥90,000 per square meter.
- Outside City Center: Prices are roughly ¥35,000 to ¥50,000 per square meter.
Average Apartment Prices in Dubai
City Center:
- Prices in central Dubai are about ¥45,000 (AED 23,000) per square meter.
Outside City Center:
- Prices drop to around ¥25,000 (AED 12,000) per square meter.
Monthly Rent Prices
Beijing:
- City Center: ¥10,000 to ¥15,000 per month.
- Outside City Center: ¥6,000 to ¥10,000 per month.
Shanghai:
- City Center: ¥12,000 to ¥18,000 per month.
- Outside City Center: ¥7,000 to ¥12,000 per month.
Shenzhen:
- City Center: ¥9,000 to ¥14,000 per month.
- Outside City Center: ¥5,000 to ¥9,000 per month.
Guangzhou:
- City Center: ¥8,000 to ¥12,000 per month.
- Outside City Center: ¥5,000 to ¥8,000 per month.
Dubai:
- City Center: ¥20,000 (AED 10,328) per month.
- Outside City Center: ¥11,500 (AED 5,846) per month.
Utilities and Living Costs
Beijing:
- Monthly utility costs: ¥500 to ¥1,000.
Shanghai:
- Monthly utilities: ¥600 to ¥1,200.
Dubai:
- Utility costs: ¥2,000 (AED 950) per month
Buying real estate in Dubai has its strengths and weaknesses if compared to other large cities in China. However, the prices for real estate are relatively affordable, and it is even cheaper than in Beijing and Shanghai per square meter; however, the cost of living and the bills are higher in Dubai.