According to new ranking by real estate consultancy Jones Lang LaSalle, Dubai is ranked 3rd “Most Dynamic City” in the world following San Francisco and London. 111 cities were covered in the the Research called “City Momentum Index (CMI)”.
City Momentum Index measures a City on basis of GDP growth, speed of adaptation, speed of innovation, creating new businesses, rates of construction and absorption, real estate price movement and the attraction of a city’s built environment for cross-border capital and corporations. The study reflects how well a city meet its socio-economic goals and commercial real estate momentum. Also how much a city is capable of sustaining the momentum over the longer term.
Dubai topped in category for bringing about quick-silver changes in “socio-economic” and “Commercial Real Estate” momentum.
Dubai is also featured in “Elite Cities” in CMI on the basis of major global gateway and a trading hub, real estate market, High-Value Incubators for longer-term success. Furthermore, winning the bid to host Expo 2020 has given the city renewed confidence and momentum.
Alan Robertson, CEO at Jones Lang LaSalle (JLL) Middle East and North Africa, said: “Events such as Expo 2020, along with Dubai’s strong global connectivity and growing status as a service hub for Mena and southern/central Asia will support sustainable momentum over the longer term horizon.”
We all knows that the day is not too far when Dubai will become the Worlds Most Dynamic City.