Tourism Breaking News
According to Go-Globe, by 2028, the Sharing Economy market will expand by 32% compared to 2022. In MENA, the segment of Shared Accommodation will grow by 42%, Shared Business Services by 40% and Shared Transportation by 38%. The city of Dubai is extensively introducing co-sharing products. Today, the city provides various services of shared transportation: scooters — Lime, Tier and Circ, bicycles — Byky, cars — Udrive and Ekar, yachts and boats — CharterClick and Xclusive Yachts. There are also coworking spaces — The Cribb, Impact Hub Dubai and AstroLabs Dubai. However, there is still a vacant niche for other services popular in the West — equipment co-sharing such as Fat Llama and ToolzDo, or animal care services such as Rover.
As for the shared accommodation, there is a list of restrictions for co-habitation in Dubai, but the regulations are gradually becoming more lenient. It has recently become possible for unmarried couples to share accommodation, so you can already find shared rentals within the laws of the city. For example, the Colife service shows that Dubai residents are interested in renting separate apartments with common areas. Colife data from other countries shows that this type of rental is popular with students, digital nomads, work-relocated expats and new residents.
According to data obtained by Colife as a result of surveys, 72% of users plan to stay in Dubai for a year or more. However, not everyone can afford rent with a desired level of comfort. The average rent price for an apartment in Dubai is 7.900 dirhams. while the optimal price for surveyed users is 7.000 dirhams. 42,5% of users travel and live alone, meaning that many residents simply cannot afford separate accommodation.
Coliving can be a solution to this problem. In addition to lower rent, coliving services offer good location and high apartment quality. Some of the other benefits can include free cleaning and utility services and a community of like-minded individuals.
The global trend for co-sharing is gaining momentum, with shared services becoming more and more popular. Today, there are at least 80 companies in Dubai that operate in the Sharing Economy segment. It shows that the city is prepared for the introduction of an increasing number of shared service solutions for transportation, equipment and accommodation.
