1/31/2024 0 Comments Dubai global city rankingIn each of the two cities, anyone can conduct business with anyone else. The Economist stated in the report attached to the results of the index that Dubai, along with Singapore, shared an important feature that contributed strongly to their winning two advanced positions on the index, which is the clear facilitation in doing business. And London is only among the ten cities that recorded an increase in its population during the aforementioned period, “vacant office rates”, as Dubai was the only one among the ten cities that recorded negative growth in vacant office rates “-3%” during the period covered by the index, what It reflects the huge demand on the part of international companies to establish offices in Dubai, and the “real house prices”, as the real prices of houses in Dubai increased during the period covered by the index by 11.9%. These four criteria included “population growth”, “growth in real GDP”, “ vacancy rates, and real home prices.ĭubai ranked third, after it achieved an impressive performance on three sub-criteria within these four criteria, namely “population growth”, as the population of Dubai increased by 5.8% during the period between 20, and it and two other cities were “Johannesburg”. The Economist relied on this index to rank cities in a comparison between the most prominent global cities in their performance on four different criteria during the period from 2019 to 2022. Through this new indicator, The Economist revealed the most prominent cities in the world that were able to overcome these two strikes and achieve economic prosperity despite their repercussions on the global economy, thus changing the balance of power of cities in the world, and Dubai was one of the most prominent cities that did so. Two painful things for the global economy, namely the outbreak of the “Covid-19” pandemic, and then the geopolitical tensions in more than one place in the world, especially the tension between Russia and Ukraine. Dubai ranked first in the Middle East and Africa, and third in the world in the “Performance of Global Cities”, a new indicator developed by the British magazine “The Economist” to monitor changes in the balance of power between global cities during the last three years, which was characterized by two strikes.
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