Dubai population trends | AX Capital

Dubai population trends

The population of the Emirate of Dubai was estimated at 1,770,978 towards the end of 2009. 1,369,740 of which were male residents and 401,238 were female residents, making a percentage of 77.34% and 22.65% respectively. The higher proportion of male residents in Dubai (341 males per 100 females) is due to the fact that that most expat workers are males whose families stay in their home countries.

Around a decade later in 2019, the flourishing city of Dubai had more than doubled its population with a total of 3,355,900 residents comprising of 1,024,100 females and 2,331,800 males.

How does population growth impact the real estate market?
The director and partner of Danube Properties, Atif Rahman noted that for the past 15 years there has been an ongoing argument about the oversupply on Dubai’s property market, but more than half of Dubai was built over this period and most of the properties were sold out. According to the research conducted by Dr Fayez Elessawy of the UAE University, Dubai experienced one of the highest annual jumps in population with a 6.5% growth rate from 2005 to 2015 when it reached 2.1 million.

As the population grows, so do property sales. Any market experiences oversupply, but there will never be an oversupply of good property.

Dubai’s government has prepared for further growth of the population and published the Fifty-Year Charter with nine articles that aim at shaping the future of Dubai, developing its community, enhancing its quality of life and ensuring a prosperous future for further generations.