Dubai’s remarkable achievement of securing the third position among the world’s top 10 global cities, surpassing the likes of New York, London, and Tokyo, is a testament to the city’s unwavering commitment to excellence. This prestigious recognition comes from The Economist, which meticulously evaluated cities over the past three years based on four crucial categories: population growth, economic vitality, office vacancies, and real estate market performance. What sets Dubai apart is its robust population growth of 5.8 percent during this period, reflecting its ongoing appeal as a global business and lifestyle hub. This achievement is a testament to the visionary leadership and ambitious targets set by the Dubai Economic Agenda D33, which align with the emirate’s aspiration to become one of the world’s foremost urban economies. The success of Dubai also underscores its role as a catalyst for collaboration, with both government and private sector entities working in harmony to elevate the city’s global standing across various sectors.
Miami clinched the top spot in The Economist’s rankings, driven by its robust economic growth and a buoyant property market, with real house prices soaring by an impressive 39.5 percent from 2019 to 2022. Singapore secured the second position, followed closely by Dubai, a remarkable feat considering the city’s strong population jump in recent years. What’s intriguing is the observation that cities with year-round warm weather and lenient regulations, such as Dubai and Miami, have thrived, especially in the wake of the COVID-19 pandemic. Furthermore, Dubai’s proactive approach to social reforms, including the decriminalization of alcohol and the cohabitation of unmarried couples, has played a pivotal role in its enduring appeal. This recognition from The Economist highlights Dubai’s resilience and strategic vision, positioning the city as a global leader in the urban economy and an inspiring example of excellence in the modern world.
