Dubai's population exceeds 3.5 million
The Dubai Statistics Center has announced that the population of the Emirates of Dubai alone has passed the symbolic 3.5 million mark. Thus, the population is rising sharply and we note once again the great attractiveness of Dubai in this period of crisis. Dubai Immo, a French real estate agency based in Dubai, comes back for you on these impressive and encouraging figures for the future.
Dubai's population is growing rapidly
Published figures tell us that Dubai gained more than 100,000 residents between the end of 2021 and the first quarter of 2022. To put that in perspective, that's about 250 people moving into Dubai every day over the period. To be even more precise, that's a positive balance of +250 people per day between those who moved into Dubai and those who left.
Dubai's attractiveness confirmed
We know that Dubai is very attractive in many ways. Quality of life, security, economic dynamism, advantageous taxation, Dubai does not lack assets. Remember that the vision of the Dubai authorities is to increase the population to 5.4 million inhabitants by 2040. It is not so far...
A definite impact on rental prices
The massive arrival of new residents has impacted real estate prices upwards. Increased demand and reduced demand always produce the same effect, a rise in prices. As far as rental prices are concerned, an average increase of more than +13. 1% has been noted by the Dubai Land Department. In the case of villas or in certain areas such as Downtown, Business Bay or Dubai Hills, the increase is even more marked.
One solution, buy an apartment or a villa in Dubai
We're not going to lie to you, purchase prices have also increased. The increases are quite uneven depending on the neighborhood and it is still much more interesting to buy than to rent. If you're looking to make a profitable rental investment, it's still possible to get a good deal. We have several high quality real estate programs to offer you, so don't miss your chance!
