Dubai population set to double

4 questions to consider before buying a home

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Simple steps to buy a home successfully

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Consider your finance options, and then choose the best one available

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Make an offer with some wiggle room for negotiation

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Which other tips do you recommend when buying a home?

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The city has estimated that by 2040, Dubai will reach a population of 5.8 million, almost doubling the number of people that live there currently.

The Growth of Dubai: A City of Opportunity and Innovation

Look back on the last half a century and you’ll find that Dubai is the fastest growing city on the planet. What was once a small fishing town of 20,000 people in 1960 has since grown 175 times in size, housing millions of people from around the world.

This growth has been influenced by a number of key events in the region. First, the discovery of oil in the late 1950s attracted foreign investment and pushed forward significant economic and infrastructural development. The 1980s, meanwhile, spelled diversification as the city built the Jebel Ali Port and became a re-export centre for Central Asia, the Middle East, and Africa. Since then, Dubai has become synonymous with opportunity and innovation — and businesses continue to flock there to expand and tap into new markets.

What is Dubai's population 2023?

Today, the city has a population of 3.6 million, representing more than a third of the UAE’s total population. And it’s not stopping there. according to the latest available data from Dubai Statistics Center).

The city has estimated that by 2040, Dubai will reach a population of 5.8 million, almost doubling the number of people that live there currently. This anticipated growth prompted the development of the Dubai 2040 Urban Master Plan, which was unveiled by the Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid, in 2021. In it, he outlines a plan which will see a massive investment in sustainably growing the city to meet the needs of its citizens and spur ongoing development.

For those interested in investing in this growth, off-plan projects in Dubai offer a great opportunity. These projects, which are sold before they're fully constructed, often come with attractive payment plans and the potential for high returns.

For both established and new businesses in this region, the city’s continued growth over the next two decades spells significant potential. Whether it’s by contributing to new real estate development, enabling digital transformation and innovation, or investing in the expansion of the health sector, among many other projects, opportunities abound.