HomeNewsWorldDubai's ceaseless boom is putting strains on its residents

Dubai's ceaseless boom is putting strains on its residents

Traffic feels worse than ever on Dubai's roads. The price of housing continues to spike even with new real estate projects being announced almost daily.

January 27, 2025 / 11:45 IST
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Real estate lit the fire in Dubai's growth in 2002, when the desert sheikdom began allowing foreigners to own property. (Courtesy: Reuters file photo)
Real estate lit the fire in Dubai's growth in 2002, when the desert sheikdom began allowing foreigners to own property. (Courtesy: Reuters file photo)

Skyscraper-studded Dubai has been on a hot streak for the last five years — and some residents are starting to feel burned.

The city-state has seen record-breaking real estate transactions and as more and more people come to live there, and its state-owned airline Emirates is booking record earnings. But all that growth comes with strains for the city's population.

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Traffic feels worse than ever on Dubai's roads. The price of housing continues to spike even with new real estate projects being announced almost daily. Caught in the middle are both its Emirati citizens and the vast population of foreigners who power its economy — sparking rare public expressions of concern.

“Dubai is on steroids but affordability risks are increasing,” warned Hasnain Malik in a starkly titled report he wrote for the global data firm Tellimer, where he's a managing director.