Panic in Dubai: the influx of tourists has caused complete chaos.
Dubai is becoming a permanent residence for 'long-term' tourists
Dubai is increasingly becoming not just a short-term vacation spot but a residence for many people. Interest in living in Dubai is growing among tourists from around the world, particularly from India, Ukraine, Russia, and Saudi Arabia. This is reported by Euronews.
However, along with the increasing interest in living in Dubai, there is also growing dissatisfaction among local residents who complain about high housing prices and congested roads. A significant number of tourists and expats are threatening the city's infrastructure.
According to experts, today 88.5% of the 3.6 million population of Dubai consists of foreigners. Tax incentives for expats living in Dubai are increasing interest in the city as a place to live and making the UAE an attractive platform for future plans.
According to Euronews forecasts, by 2040 the number of tourists in Dubai will more than double, reaching 5.8 million. This puts additional strain on the city's infrastructure and could lead to overload.
After the financial crisis of 2008-2009 and the short lockdown due to the coronavirus, property prices in Dubai rose sharply. According to Property Monitor, the average prices per square meter have reached record levels. Last year, rental prices rose by 20% in key areas and are likely to continue increasing this year.
Although the wealthiest people are increasingly moving to Dubai, housing prices continue to rise. As a result, many residents are moving to emirate cities such as Sharjah, where housing is cheaper. This leads to problems on the roads. For example, Sheikh Zayed Highway, with 12 lanes, is filled with nearly a million passengers during peak hours.
Worldwide, the number of registered vehicles has increased by about 4% over the past two years, but in Dubai, this figure has been around 10%. While the city continues to build new roads, the problem of congestion has not yet been solved due to the increasing number of cars on the roads.
Currently, it is unclear how to address this issue. Various approaches are being considered: expanding remote work, developing public transport, and even creating the world's first flying taxi service.
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