UAE: Despite traffic, tenants move to bigger units in same emirate to enhance lifestyle

UAE: Despite traffic, tenants move to bigger units in same emirate to enhance lifestyle

Tenants in the UAE are increasingly looking to relocate to bigger units and more upscale communities within their emirates, rather than moving to other emirates to enhance their lifestyle. During the economic booms witnessed during 2007-08 and 2014, many tenants moved to Dubai from the neighbouring emirates to beat traffic. However, according to real estate industry executives, residents are increasingly braving the inter-emirate traffic to benefit from better rental rates and larger property sizes. Traffic between Dubai, Sharjah and Abu Dhabi has again increased substantially as the population has risen massively across the country due to the inflow of more foreign workers. Dubai’s population increased by 100,000 last alone year. Importantly, a million during the day as people from the other emirates to the region’s largest financial and business hub for work and businesses every day. Dubai’s population increased massively by 100,000 in 2023 to 3.65 million. “Dubai has witnessed an exponential population boom with more people choosing it as their full-time residence,” said Alina Adamco, head of sales at Metropolitan Homes. “We have observed a significant number of tenant relocation requests, driven by various factors including moving from older to newer buildings and communities, transitioning to larger properties, shifting