January 28, 2025 - 08:27
Skyscraper-studded Dubai has been on a hot streak for the last five years — and some residents are starting to feel burned. The city, known for its dazzling skyline and luxurious lifestyle, has experienced an unprecedented surge in real estate prices, leading to concerns among its inhabitants. The rapid expansion of the property market has created a competitive environment, pushing many residents to the brink as affordability becomes a pressing issue.
As demand for housing continues to soar, the cost of living in Dubai has escalated, making it increasingly challenging for long-time residents to maintain their standard of living. Reports indicate that rental prices have skyrocketed, with many families feeling the pinch as they struggle to find suitable accommodations within their budget.
While the city's growth has attracted a wave of new investors and expatriates, the rising costs have sparked discussions about the sustainability of such rapid development. Residents are calling for more affordable housing options and better planning to ensure that the city's growth benefits all its inhabitants, not just the affluent few.
