Dubai is a land of dreams and achievements. Better living standards and festive atmosphere make Dubai a popular city. That is why people from all over the world move here. But is the number of people moving to Dubai declining? It is estimated that the number of people migrating from Dubai, Sharjah and other northern emirates is declining due to the increase in rent in Dubai. Rents in many parts of Dubai have been falling for the past two years due to the Kovid situation. So the families moved from Sharjah and elsewhere.
But since the market has been active since the end of last year, rents have risen in many places. According to industry insiders, rents are likely to rise this year as well. Deira. Residents in Sportswear City, Business Bay, Palm Jumeirah and Greens have had their rents increased. It is reported that rents in these areas will be similar in 2021.
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This change comes as many of the areas that collapsed in Kovil are now active and the market is booming. With this, rents began to rise in most areas. Most people move from Sharjah to Dubai to avoid hours of traffic jams. However, most people have moved to the northern emirate, including Ajman and Ras Al Khaimah, to reach Dubai via the Emirates Road without much traffic congestion. So many reasons why Dubai has become a favorite of the people.
Story Highlights: Rents rise in Dubai; residents’ relocation from Sharjah to slow down