Many professionals
working in Dubai live far — even outside Dubai — from their places of work in
upmarket areas. The arrangement means there is more traffic on major commuting
routes.
Though there is no
shortage of labour accommodation or luxury properties in Dubai, the executive
working class is facing a housing squeeze as Dubai expands in area and
population.
The commute from lower
market segments to areas where there are only major corporations and luxury
homes is also putting pressure on the roads.
Dubai has seen
property prices and rents rise again recently. They had peaked before dropping
during the global financial slowdown in late 2008. Economic recovery followed
more recently and led to higher property prices and rent.
Many middle-class
workers priced out of the market moved to cheaper areas within Dubai or other
emirates. By comparison, there was no significant migration in the labour or
upper class brackets.
Many of the luxury
projects, properties and developers employ a considerable portion of human
resources in the mixed-income spectrum, who do not live in pricey areas.
Majority of the
housing developments coming up in Dubailand has Developments targeted as an
elite and well designed community with comforts of luxury living.
The proposal to
develop communities that will balance out luxury and affordable housing is the current
market strategy.
Projections indicate
if people live and shop close to their place of work, it will reduce
congestion, pollution and volatility of property market cycles.Hence prime locations with quality developments are being sought by families along Umm Suqeim road and in Arjan Master community which is the ideal place to be close to the city and have good affordable housing communities.
