In Bangladesh, Dhaka is migrants' most important destination and has itself been fundamentally transformed through migration. But there is ‘no place’ for many migrants in Dhaka. Poorer migrants live in slums and many encroach on public space to sustain their lives – the new urbanites are taking their ‘right to the city’. In doing so, they not only draw on local resources. Their production of the urban space often relates directly to their migration trajectory, their translocal networks, and their simultaneous situatedness at multiple places. Migrants connect ‘the rural’ and ‘the urban’ and constitute translocal spaces, which contribute to re‐making Dhaka from below. This paper integrates current debates on translocality, informal labour, and subaltern urbanism to address two key questions on transient urban spaces: How do migration trajectories and translocality structure the urban poor's lives? How do migrants make use of local networks and translocal social relations to find work and appropriate ‘their place’ in the city? Empirical research on street food vendors in Dhaka, almost all of whom are internal migrants, builds the basis for my argument. I show that ‘translocal social capital’ and home‐bound identities can be important resources to gain access to urban labour markets and to appropriate one's place in the city. The paper argues that the poor use translocality for their livelihoods and thereby continuously re‐shape the face of the megacity of Dhaka.