{"id":10573,"date":"2025-01-24T04:55:00","date_gmt":"2025-01-24T03:55:00","guid":{"rendered":"https:\/\/noticias.ae\/2025\/01\/24\/dubai-verdad-lado\/"},"modified":"2025-02-09T06:46:44","modified_gmt":"2025-02-09T05:46:44","slug":"dubai-verdad-lado","status":"publish","type":"post","link":"https:\/\/noticias.ae\/en\/2025\/01\/24\/dubai-verdad-lado\/","title":{"rendered":"The truth is revealed: the dark side of wealth harms Dubai"},"content":{"rendered":"\n\n

Dubai has become the perfect enclave for the establishment of great millionaires, making this city the richest in the world. However, the settlement of the super-rich in Dubai<\/strong> has a consequence that could be counterproductive within the emirate, where not everything that glitters is gold.<\/p>\n\n\n\n

According to specialists, this destination “makes residents feel” poorer<\/strong> as the large influx of millionaires has increased both the demand and supply of real estate. Although this enclave has become a paradise for expatriates, this exuberance is also causing some signs of tension.<\/p>\n\n\n\n

Why wealth could harm Dubai, according to experts<\/h2>\n\n\n\n
\"Why<\/figure>\n\n\n\n

Experts from major developers in Dubai<\/a> have analyzed the current landscape and assured that the outlook is promising. The victory of Donald Trump is encouraging for real estate developers<\/strong>, who see this enclave as the perfect place to continue expanding their influence. However, this excessive demand and supply have caused prices to become erratic and start rising significantly.<\/p>\n\n\n\n

For this reason, it is said that an excess of wealth could harm the emirate, albeit in minimal proportions. Analysts believe that city authorities must continue encouraging the influx of young professionals and expatriates to inhabit the large developments being built. This trend is driving the increase in residential properties<\/strong> and luxury villas, which will multiply to such an extent that demand will become “sluggish.”<\/p>\n\n\n\n

The numbers that encourage but also cause concern in Dubai<\/h2>\n\n\n\n
\"The<\/figure>\n\n\n\n

The proliferation of residential properties, building complexes, and skyscrapers in Dubai has led to an exponential increase in values, and it is expected that these will rise by 8 percent in 2025<\/strong>. Meanwhile, premium properties will see a 5 percent increase, surpassing other major cities like London and New York.<\/p>\n\n\n\n

For experts, the constant construction is a sign of growth but also a cause for concern. Many are debating the sustainability of all these projects and how they could harm the environment<\/strong>. Additionally, the boom in long-term housing is another rising trend, but it also poses significant risks for investors, as many may fail to complete their payments for these developments.<\/p>\n\n\n\n

Rental prices, another sign of tension in Dubai<\/h2>\n\n\n\n
\"Rental<\/figure>\n\n\n\n

According to various consulting firms, rental prices increased by 22 percent in 2024, which also raises alarms among investors. The so-called villas, known as single-family homes, also recorded a sharp increase, reaching $96,000 per year<\/strong>. This factor is also influenced by the significant population increase<\/a>, which has helped fill newly launched projects, as well as schools and roads.<\/p>\n\n\n\n

As reported in previous months, authorities expect the population of this emirate to reach 5.8 million by 2040. As some experts have already warned, this growth has led residents to choose areas outside the usual ones to settle<\/strong>. All of this confirms that the market may slow down, and off-plan properties have had to lower their prices since many projects remain unfinished. A trend that analysts should pay attention to, demonstrating that in Dubai<\/a>, not everything that glitters is gold.<\/p>\n\n“`","protected":false},"excerpt":{"rendered":"

Dubai has become the perfect enclave for the establishment of great millionaires, making this city the richest in the world. However, the settlement of the super-rich in Dubai has a consequence that could be counterproductive within the emirate, where not everything that glitters is gold. According to specialists, this destination “makes residents feel” poorer as […]<\/p>\n","protected":false},"author":3,"featured_media":9180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,50],"tags":[],"class_list":{"0":"post-10573","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dubai-en","8":"category-portada-2-4-noticias-en"},"_links":{"self":[{"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/posts\/10573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/comments?post=10573"}],"version-history":[{"count":0,"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/posts\/10573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/media\/9180"}],"wp:attachment":[{"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/media?parent=10573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/categories?post=10573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noticias.ae\/en\/wp-json\/wp\/v2\/tags?post=10573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}