As record visitor numbers and a growing number of new inhabitants cause issues for the city-state, dubai is beginning to falter under the weight of its own popularity. Real estate deals have broken records, and Emirates, the state-owned airline, is making record profits.
As a consequence, even though new real estate developments are launched virtually every day, traffic on Dubai's roadways feels worse than ever and home prices keep rising.
The level of congestion has gotten so awful that even well-known Emiratis are speaking out against public issues.
House Prices
By 2040, the city is expected to have 5.8 million inhabitants, more than half of its present anticipated population in just 15 years, according to existing projections. Its population has already increased from about 255,000 to almost 3.8 million since 1980.
When the desert sheikdom started letting foreigners purchase real estate in 2002, it ignited Dubai's expansion. Prices have been climbing following steep declines during the 2008–2009 financial crisis and Dubai's temporary coronavirus shutdown.
According to Property Monitor, average prices per square foot are at their highest points ever right now. According to the real estate company Engel & Völkers, rental costs in important neighborhoods rose by up to 20% last year, and more increases are probably in store this year as some inhabitants relocate to more remote settlements in the desert.
Before the boom, some dubai workers opted to reside in Sharjah, a nearby emirate about 12 miles north of the city center, or farther out.
According to surveys, up to four out of five employees travel alone to work, and every day, one million commuters from neighboring emirates congest the 12-lane Sheikh Zayed Road that passes through the city center and other roads.
With the fresh arrivals from dubai, that traffic has only become worse.
According to the city's Road and Transportation Authority, the number of registered cars has increased by 10% over the past two years, compared to a 4% growth in the rest of the globe.
Additionally, more automobiles are approaching from more directions than ever before, even as the city continues to construct new flyovers and other road upgrades.
"Dubai is very attractive, more and more people are coming," stated Thomas Edelmann, the general director and creator of the traffic advocacy group RoadSafetyUAE. "I think it's easier to get people quickly to come to dubai and to convince them about dubai than to build a new intersection or a new highway."
As a consequence, even though new real estate developments are launched virtually every day, traffic on Dubai's roadways feels worse than ever and home prices keep rising.
The level of congestion has gotten so awful that even well-known Emiratis are speaking out against public issues.
House Prices
By 2040, the city is expected to have 5.8 million inhabitants, more than half of its present anticipated population in just 15 years, according to existing projections. Its population has already increased from about 255,000 to almost 3.8 million since 1980.
When the desert sheikdom started letting foreigners purchase real estate in 2002, it ignited Dubai's expansion. Prices have been climbing following steep declines during the 2008–2009 financial crisis and Dubai's temporary coronavirus shutdown.
According to Property Monitor, average prices per square foot are at their highest points ever right now. According to the real estate company Engel & Völkers, rental costs in important neighborhoods rose by up to 20% last year, and more increases are probably in store this year as some inhabitants relocate to more remote settlements in the desert.
Before the boom, some dubai workers opted to reside in Sharjah, a nearby emirate about 12 miles north of the city center, or farther out.
According to surveys, up to four out of five employees travel alone to work, and every day, one million commuters from neighboring emirates congest the 12-lane Sheikh Zayed Road that passes through the city center and other roads.
With the fresh arrivals from dubai, that traffic has only become worse.
According to the city's Road and Transportation Authority, the number of registered cars has increased by 10% over the past two years, compared to a 4% growth in the rest of the globe.
Additionally, more automobiles are approaching from more directions than ever before, even as the city continues to construct new flyovers and other road upgrades.
"Dubai is very attractive, more and more people are coming," stated Thomas Edelmann, the general director and creator of the traffic advocacy group RoadSafetyUAE. "I think it's easier to get people quickly to come to dubai and to convince them about dubai than to build a new intersection or a new highway."
click and follow Indiaherald WhatsApp channel