Dubai ranked 3rd among the best cities in the world
Dubai ranked 3rd among the best cities in the world
According to the latest ranking of the British The Economist, Dubai has risen to the third position among the 10 best cities in the world, ahead of New York, London, Tokyo, Sydney, Johannesburg, Paris and San Francisco. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, tweeted about this achievement saying that Dubai was ranked third among the top 10 cities in the world, reflecting its results over the past three years.
He added that this great achievement can be attributed to the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and to the ambitious goals set in the Dubai Economic Agenda (D33), which supported Dubai in its quest to become one of the world's leading urban economies.
The main goal of the D33 project, which Sheikh Mohammed launched in January this year, is to cement Dubai's place as one of the world's top three cities and double the size of its economy over the next ten years. The Crown Prince of Dubai also "thanked all governmental and semi-governmental entities, as well as private sector partners, who have come together as one team to enhance the global position of Dubai in various sectors."
The index was created by The Economist using data from the previous three years in four categories: population, economic growth, office vacancy and property prices. Each city was ranked according to how it performed on those metrics to get an overall score.
According to The Economist, Miami came in first place "due to strong economic growth and a buoyant real estate market," where actual home prices rose 39.5% between 2019 and 2022. Having experienced a significant population growth of 5.8% over the previous three years, Dubai came in third and Singapore in second. London, Tokyo, Sydney, Johannesburg, Paris and New York ranked in that order, with San Francisco in tenth place.
