Dubai population set to double: How the city will benefit?

The city has estimated that by 2040, Dubai will reach a population of 5.8 million, almost doubling the number of people that live there currently.

In a recent article published in Arabian Business – dated, Mon 3 Oct 2022, the writer speaks of the major improvements the country has made to its residency system, introducing new five-year permits called the Green Visa. Here’s the article below:

“Look back on the last half a century and you’ll find that Dubai is the fastest-growing city on the planet. What was once a small fishing town of 20,000 people in 1960 has since grown 175 times in size, housing millions of people from around the world. 

This growth has been influenced by a number of key events in the region. First, the discovery of oil in the late 1950s attracted foreign investment and pushed forward significant economic and infrastructural development. The 1980s, meanwhile, spelled diversification as the city built the Jebel Ali Port and became a re-export center for Central Asia, the Middle East, and Africa. Since then, Dubai has become synonymous with opportunity and innovation — and businesses continue to flock there to expand and tap into new markets. 

Today, the city has a population of 3.5 million, representing more than a third of the UAE’s total population. And it’s not stopping there.”

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