Dubai Population Crosses to 3.7 Million

Dubai has witnessed a significant surge in its population during the first quarter of 2024, driven by an influx of foreign workers and investors flocking to the emirate.

Data from the Dubai Statistics Centre reveals that between January and March 2024, Dubai’s population experienced a notable rise, surpassing the growth observed during the corresponding period last year.

The region’s prominent trade, finance, and tourism hub expanded by 25,776 individuals, reaching a total population of 3,680,785.

This growth outpaced the previous year’s increase of 25,489, underscoring the sustained influx of foreign professionals at an accelerated rate.

The introduction of residency schemes such as the golden and silver visas has sparked significant interest among foreigners seeking to establish residence in the UAE, attracting a considerable number of high-net-worth individuals from various corners of the globe.

Consequently, this population upsurge has fueled heightened demand for rental properties and consumer goods. Projections from the UAE Central Bank anticipate inflation to rise to 2.5 percent in 2024, albeit remaining notably lower than the global average.

However, the influx of foreign workers is expected to taper off following a substantial surge over the past three years.

Data from the Dubai Statistics Centre reveals that the emirate’s population has surged by 269,300 since January 2021, averaging an increase of 6,900 new residents monthly.

As Dubai and the UAE continue their upward trajectory, buoyed by robust economic growth, the ability to attract and retain talent from diverse backgrounds will remain a cornerstone of their success on the world stage.

With the prospect of additional foreign companies establishing a presence in the emirate, the future outlook for population growth remains promising.