The Success of Dubai: Real Estate and Life of the Future

Dubai creates an environment for a better life. Like a magnet, this emirate attracts relocates with wealth and ambition, striving to live well. And in the future it will be even better. What is the secret of Dubai's attractiveness? Looking to the Future!

Old photos of Dubai from the 1990s show buildings sprouting up in the desert along the Sheikh Zayed Highway. There is even a “Museum of the Future”; you can lift the curtain of perspectives.

Comparing old photos with the current appearance of Dubai is impressive. And the development plans are even more impressive.

As practice shows, planning that allows Dubai to attract more and more investors, relocators, businesses and capital from all over the world every year.

Demographics Number 1

The Dubai Statistics Center reported that as of December 17, 2023, the population of Dubai grew to 3.65 million compared to 3.55 million on January 1, 2023. Over the year, growth accelerated by 40% compared to 2022. And by 2040, government ambitiously plan to increase the population Dubai... 2 times!

Over the last 10 years alone, 1.5 thousand millionaires have moved from the UK.

Knight Frank surveyed 183 HNWI (High Net Worth Individuals) with a net worth of $3 million, and 66% of them either already have property in Dubai or would like to move here and buy property.

According to the Henley&Partners report on the migration of private capital, in 2023 Dubai ranked second in the world in the number of HNWIs for whom it became a second home. 4.5 thousand relocated HNWIs with a net worth of more than $1 million relocated here. Australia is in the lead.

Plans for a Bright Future

The development plan “Dubai 2040 Urban Master Plan” was adopted in 2021, naturally it is planned to create the best place to live, Number 1.

This is the seventh plan since 1960, and as we can see, it works! Since that time, Dubai has grown 170 times, the population has increased 80 times (it was only 40 thou).

What are you planning to improve? All! Dubai's future development plan includes:

  • improvement of the urban environment;

  • expansion of transport infrastructure;

  • large-scale landscaping;

  • improving economic indicators;

  • increase in population and development;

  • all social spheres;

  • other plans.

The length of the beaches should increase to 105 km due to the beach area of artificial islands and the expansion of the current beach areas. There will be more and more “palms”.

A 30 km long blue metro line will be launched in 2029. It will connect the International Airport with the areas of Mirdif, International City, Creek Harbour, Festival City and others, and will also connect the areas of Rashidiya and Al Jaddaf, and will pass through Dubai Festival City, JVC, Al Barsha, Nad Al Sheba.

Dubai Hills Mall will have a metro. There are also plans to extend the red line bottom 3.5 km to Mirdif City Centre. And the green line will pass through the Emaar Dubai Harbor to the Dubai Academic City.

Up to 60% of the emirate's territory will be occupied by nature reserves and green areas. It's hard to believe this when looking at satellite images. But nothing is impossible for the most ambitious government. Indicators of more than half of the greenery in the desert are planned to be achieved through:

  • creating new green areas and expanding existing ones;

  • tight integration of parks and greenery into the urban environment;

  • increasing the area of reserves and natural parks.

Greenery everywhere, even in the heat of +40°C, covers the previously deserted Emirates due to the developed irrigation system, everything is watered several times a day. Where does the water come from? It is taken from the sea and cleaned of salt. And artificially created rains come to Dubai, which is even cheaper than irrigation. But one lush tree costs the budget $2 thousand per year.

In 2007, the ruler of Dubai, Shaikh Mohammad Bin Rashid Al Maktoum, said: “I want my people to live better now, not in 20 years.” And in this phrase his entire path as a ruler. Already living better than anywhere else, the people of Dubai have the opportunity to live even better in the very near future.

Investment in real estate in Dubai is both a bright present and a future. The emirate offers a wide range of opportunities for property buyers, including long installment plans of up to 7 years and visas for buyers.

Contact us for an online consultation using the contact form with the manager on the website and get the best offer!

Coming soon to the blog: Shock development projects in Dubai, promising locations for real estate investment.

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