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Monday 27 January 2014

Dubai ranks third in list of world's 20 most dynamic cities

Dubai has been placed third on the list of the world’s 20 most dynamic cities following the Expo 2020 win with Jones Lang LaSalle (JLL) referring the emirate to being an "elite city that wields clear economic might on the global stage."
The first City Momentum Index (CMI), released by the global consultancy, named San Francisco, London, Dubai, Shanghai and Wuhan at the forefront of cities that demonstrate the combination of strong short term socio-economic and commercial real estate momentum and longer term foundations for success, stating commercial real estate was no longer just a consequence of a city’s success but a driver of it.
Dubai was "bouncing back" following a deep slump in its economy and real estate market since the global financial crisis, JLL said.

"Property prices are rising, but growth appears to be on a sounder footing than in the pre-crash years of 2006-2008, underpinned by the city’s strong global connectivity and its status as the service hub for the MENASCA region, as well as its position as a preferred staging point for an increasingly dynamic Sub-Saharan Africa.

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