Dubai breaks into Top 30 Global Cities ranking for the first time
Dubai has broken into the Top 30 in a Global Cities Ranking produced by JLL, placing 27th, moving up from 36th in 2016.
Dubai has moved up the rankings in each successive year from 36th place in 2014, improving its score in office and corporate presence as well as air passenger arrivals. This is due to an increased number of corporations using the city as the base for their expansion plans into the Middle East and Africa, as well as growth in interest among Chinese corporates, developers and tourists.
New York ranked first for commercial attraction, followed by Tokyo, London, Paris (4th) and Seoul (5th), respectively. New York also placed first in real estate investment and second for office stock.
London ranked second for real estate investment, followed by Tokyo, Los Angeles, and Paris
Tokyo is seeded first for office stock, followed by Paris (3rd), London (4th) and Washington, D.C. (5th).
The Top 300 cities covered by JLL account for 18 percent of the global population, 40 percent of the world’s economic output and more than 70 percent of total global real estate investment.
The rankings are defined by both people and economic activities in the world’s largest cities over the past 10 years.