{"id":22203,"date":"2016-08-07T22:28:14","date_gmt":"2016-08-07T15:28:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=22203"},"modified":"2016-08-07T20:39:17","modified_gmt":"2016-08-07T13:39:17","slug":"proportion-of-commuters-into-dubai-is-on-the-wane","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-commuters-into-dubai-is-on-the-wane\/","title":{"rendered":"Proportion of commuters into Dubai is on the wane"},"content":{"rendered":"


\nIt may seem unlikely if you are stuck in rush hour traffic out of Sharjah, but a report suggests the proportion of Dubai’s population commuting into the city is actually fallingFor thousands of low or moderately paid workers flocking to shops and offices across Dubai, commuting into the city from the northern emirates of Sharjah, Ajman and even Umm Al Quwain is an economic necessity because of high rents. More people than ever are trying to avoid high rents in Dubai by commuting into the city each day to work from satellite towns and cities where rents are 30 to 40 per cent cheaper, according to Reidin data. A total of 1.1 million people working in Dubai actually live outside the emirate – 31.1 per cent of the city’s daytime population – and take 90 minutes or more to commute one way. Some say they wake at 4am to beat the traffic jams.But although the total number of commuters in Dubai has increased more than five-fold over the past decade from less than 200,000 in 2005, analysts say that the proportion of Dubai’s population commuting into the city is actually on the wane.According to the property data company Reidin and the boutique investment banking firm Global Capital Partners, the number of Dubai workers who lived outside the emirate increased from 1.08 million in 2014 to 1.1 million last year – representing nearly a third (31.7 per cent) of the total population.”Of course the total number of people commuting to Dubai from the Northern Emirates has increased, but what we are seeing is that the proportion of the population doing this has been falling,” says Sameer Lakhani, the managing director of Global Capital Partners.GCP number crunchers say that as the populations of both Dubai and the Northern Emirates have increased and the amount of affordable housing in Dubai has risen, the proportion of commuters in the city has actually fallen from 37.1 per cent in 2009 to 31.1 per cent last year following the property boom, when housing rents tripled.However, the company says that although rents in Dubai again rocketed by about 30 per cent in 2013 and 2014, the proportion of Dubai’s daytime population choosing to commute in to the city still fell.GCP attributes the fall to an increase in the amount of so-called affordable housing in Dubai, where annual rents for two-bedroom flats in projects such as International City, Discovery Gardens and Dubai Silicon Oasis stand at below Dh70,000 a year.”We think that with the new focus of developers in the affordable housing segment, the proportion of residents residing outside Dubai will continue to fall further,” Mr Lakhani adds.On Saturday, the ratings agency Standard & Poor’s changed its outlook on Sharjah’s economy to negative, noting that the emirate’s population had increased by 63 per cent since 2005, surprising the agency and prompting it to revise its estimates for GDP per capita.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Proportion of commuters into Dubai is on the wane<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It may seem unlikely if you are stuck in rush hour traffic out of Sharjah,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-22203","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5M7","jetpack-related-posts":[{"id":36154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/northern-emirates-rents-stay-flat-after-falling-earlier-this-year\/","url_meta":{"origin":22203,"position":0},"title":"Northern Emirates rents stay flat after falling earlier this year","date":"November 27, 2016","format":false,"excerpt":"\r Housing rents in the UAE's Northern Emirates remained largely flat during the third quarter after falling in the first part of the year in line with the performance of the Dubai market.Sharjah and the other Northern Emirates, located within commuting distance to Dubai, have traditionally been seen by many\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sharjah-rents-fall-8-and-decline-set-to-continue-in-line-with-dubai\/","url_meta":{"origin":22203,"position":1},"title":"Sharjah rents fall 8% and decline set to continue in line with Dubai","date":"May 11, 2016","format":false,"excerpt":"\r Rents in Sharjah as set to continue dropping in 2016 after experiencing an 8.3 per cent year-on-year fall in the first quarter of 2016, according to Cluttons. The property consultancy said rents over the three-month period dropped by 5.7 per cent, fuelled mainly by rapidly-declining villa rents. Average villa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4812,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sharjah-and-ajman-property-prices-fall-as-dubai-developers-offer-cheaper-homes\/","url_meta":{"origin":22203,"position":2},"title":"Sharjah and Ajman property prices fall as Dubai developers offer cheaper homes","date":"February 15, 2016","format":false,"excerpt":"\r \r Sales of new homes in the Northern Emirates are likely to remain subdued in 2016 as a \"bleak economic outlook will affect buyer's sentiment,\" according to a new report from Asteco Property Consultants. The Northern Emirates are typically interdependent with Dubai's property market, and with both house prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheaper-housing-in-dubai-suppresses-sharjah-and-ajman-rents\/","url_meta":{"origin":22203,"position":3},"title":"Cheaper housing in Dubai suppresses Sharjah and Ajman rents","date":"February 20, 2017","format":false,"excerpt":"\r The growth in the number of developers looking to provide more affordable housing schemes to buyers in Dubai is having a knock-on effect in the Northern Emirates, with rents falling across the board and some landlords even offering monthly payments and rent-free periods to attract tenants, according to Asteco.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-and-eagle-hills-link-up-with-sharjahs-shurooq\/","url_meta":{"origin":22203,"position":4},"title":"Emaar and Eagle Hills link up with Sharjah's Shurooq","date":"January 31, 2016","format":false,"excerpt":"\r \r Emaar and Eagle Hills have formed a new property venture with Sharjah's Investment and Development Authority (Shurooq).Shurooq said the project would support the emirate's economic expansion plansThe newly formed company, Omran Properties, will seek to \"develop investment, commercial, industrial and real estate projects and beyond\", with an initial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-house-prices-to-fall-further-but-at-a-slower-rate-than-last-year\/","url_meta":{"origin":22203,"position":5},"title":"Dubai house prices to fall further, but at a slower rate than last year","date":"February 7, 2016","format":false,"excerpt":"\r \r House prices in Dubai are likely to fall further this year, but at a slower pace than in 2015 even as further supply comes on to the market, according to Asteco.The property consultancy's fourth-quarter report for Dubai and the Northern Emirates stated that villa prices fell by 11\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22203"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=22203"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22203\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}