Skyscraper-studded Dubai has been on a hot streak for the last five years — and some are starting to get burned

Dubai’s property sales surged nearly 20% in 2024, with transactions hitting a record as the city attracts ever-more residents and investors. Almost $207 billion in real estate was traded last year, according to Dubai Land Department data.

Strains are starting to be felt by the foreign workforce that powers the wider United Arab Emirates and its Emirati citizens. At the top of the list are worries about endless traffic, unaffordable housing and other costs.