By the end of 2023, the permanent population will reach 3.7 million However, this number will reach 4 million by 2026 due to strong expatriate inflows.
Due to the large influx of expatriate professionals from around the world, the population of Dubai in the United Arab Emirates continues to grow.
Based on this influx of immigrants, Dubai’s population is expected to reach 4 million by 2026.
‘What are Dubai’s Macroeconomic Prospects?’ In a headline note, S&P analysts said, we estimate Dubai’s GDP per capita to be around US$38,000 in 2024.
By the end of 2023, the permanent population will reach 3.7 million However, this number will reach 4 million by 2026 due to strong expatriate inflows.
Dubai is known worldwide as the financial, tourism and trade center of the Middle East. This familiarity has led to massive investment in various sectors in Dubai over the past few years. Many millionaires are attracted to Dubai. It has created a lot of employment opportunities along with GDP growth of the country.
Since the start of this year, Dubai’s population has grown by more than 134,000 to 3.789 million as of 16 October. As of January 2021, the city’s population has grown to over 378,000 The population of the city increased mainly due to the influx of foreign professionals, workers and investors.
Dubai, Abu Dhabi and Sharjah are also expected to grow by more than 150 percent in immigration of centi-millionaires between 2024 and 2040.
According to Henley & Partners, Dubai is home to 212 centi-millionaires and 72,500 millionaires.
