Dubai has secured the third position in The Economist’s top 10 best cities in the world list, ahead of Western mega-cities such as New York, London, Paris, and San Francisco. The ranking is based on four categories over the past three years, including population, economic growth, vacant office space, and real estate prices. Miami topped the ranking, followed by Singapore in second place, and New York in fourth place.
Read more: Dubai, Abu Dhabi among top global cities
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council made an early announcement on Twitter, thanking the government and private sector partners who have united to raise Dubai’s global standing across various sectors. He also attributed the success to the visionary leadership of his father, Sheikh Mohammed bin Rashid Al Maktoum, and the ambitious targets set by the Dubai Economic Agenda D33, which aims to double the size of Dubai’s economy over the next decade.
Dubai’s success in the ranking reflects its performance over the past three years. The city aims to consolidate its position among the world’s top three cities, and The Economist’s ranking is seen as a positive step towards achieving this goal.
Moreover, Miami topped The Economist’s list of best cities in the world, “thanks to its strong economic growth and dynamic real estate market,” where real house prices surged by 39.5% from 2019 to 2022. The ranking reflects Miami’s performance over the past three years, and the city’s success is seen as a positive sign for its future growth and development.
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