Chinese buyers purchased properties in the United Arab Emirates worth at least 2.64 billion UAE dirhams (US$ 720 million) last year according to Chinese property portal Carrie Law, CEO of Juwai argued that it was "possible to overstate the impact of capital controls", citing recent UBS research which stated that two-thirds of the Chinese overseas buyers who were surveyed said that capital controls had not affected them, reports Zawaya (September 19, 2018).