As Dubai booms, residents grapple with traffic congestion, high property prices
The HinduSkyscraper-studded Dubai has been on a hot streak for the past five years — and some residents are starting to feel burned. Under Dubai’s current plans, the city aims to have 5.8 million residents by 2040, adding more than half its current estimated population in just 15 years. Real estate lit the fire in Dubai’s growth in 2002, when the desert sheikdom began allowing foreigners to own property. While the number of citizens isn’t public informal calculation by experts suggests Emirati citizens represent around 10% of the country’s overall population of more than nine million people, a number that’s likely falling as foreigners rush in. For Dubai’s autocratic government, overseen by ruler Sheikh Mohammed bin Rashid Al Maktoum, possible solutions to the grinding traffic have ranged from the practical to the fanciful.
History of this topic
Dubai registers 33,110 residential transactions worth AED 65 billion in Oct-Dec 2024: Report
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