Dubai ranked 3rd most dynamic city in the world
Also included in 'elite cities' list
Dubai's status as one of the most desirable places to do business has been cemented with a new ranking via the City Momentum Index - compiled by Jones Lang LaSalle, naming it the third 'most dynamic' city in the world, just after San Francisco and London. The rankings reflect how well a city is able to get ahead and meet its socio-economic goals. The city must be able to sustain the position over a long term and New York, Austin, Hong Kong, San Jose and Singapore were also featured in the top cities list.
"Dubai is bouncing back following a deep slump in its economy and real estate market... property prices are rising but growth appears to be on a sounder footing than in... 2006-08, underpinned by the city's strong global connectivity and its status as the service hub for the region," the report said. The city's ranking also reflects its status as a staging point for the "increasingly dynamic sub-Saharan Africa".
Events such as Expo 2020 as well as Dubai's growing status as a service hub, will enable our city to support and be able to sustain the position.