Tag Archives: sharing economy

Market size of co-sharing services in the Middle East has been valued at $10,7 million, with $129 million in accommodation services

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 …

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