Residents moving to Dubai from locations such as Abu Dhabi and Sharjah are the most likely reason for a 7.6% rise in the emirate’s population last year, an expert from real estate consultancy Jones Lang LaSalle has claimed.

“The major driver for this ‘Dubai Effect’ has been the reduction in residential rentals, which has resulted in Dubai becoming more competitive and therefore attractive for those working in the UAE,” JLL’s regional head of research Craig Plumb told Arabian Business on Tuesday.

“The other component of the ‘Dubai Effect’ is an increase in the number of households, as falling residential rentals are reducing the need for several households to share the same unit. The total demand for residential units is therefore increasing more rapidly than the overall population of Dubai.”

arabianbusiness.com