Dubai’s housing to reach 1 million units before 2040

Posted on May 23, 2022   |  

• At present, more than 740,000 residential units are completed and over 50,000 are under development in Dubai.
• The accelerated supply of the remaining units to hit the 1 million landmark before 2030 will be driven by pent-up demand as the economy will recover from Covid-19 and the city’s population growth will regain momentum. 
• Dubai’s population has grown over 80-fold over the past 60 years and the city needs an average of 550,000 additional residential units to meet the projected 5.4 million population by 2040.