Dubai is set for substantial population growth with estimates suggesting it will reach 4 million residents by 2026. This increase is driven by expatriate professionals seeking better job prospects and investors attracted to the emirate’s robust economy, according to a recent S&P report.
As of October 16, Dubai's population stands at 3.789 million up over 134,000 since January. Since early 2021, the city has gained more than 378,000 new residents mainly due to the influx of foreign talent. S&P projects Dubai’s GDP per capita to be around $38,000 (Dh139,460) in 2024.
The emirate's diverse economy has attracted significant investment, boosting GDP and creating job opportunities. As a key financial, tourism and trade center, Dubai is home to 212 centi-millionaires and 72,500 millionaires, according to Henley and Partners.
The Dubai Economic Agenda D33 aims to double the economy in the next decade increasing foreign trade to Dh25.6 trillion and generating new jobs. Real GDP growth to average 3% from 2024 to 2027 is expected. Favorable business regulations and initiatives such as long-term residency visas, Dubai remains a top destination for investment and talent.
1 - 2 Beds
1 - 2 Beds
