Dubai is among this year’s most attractive top cities for global investors. In addition, investment volumes in the country have increased dramatically for less than a year. As a result, Dubai also made a giant leap on investment lists, with a rise of nearly 150 positions.
Dubai made a giant leap on Cushman & Wakefield’s “Winning in Growth Cities 2014-2015” report. The emirate jumped from the 186 position to the 39th on the C&W’s overall investment ranking. Between Q3 2013 and Q2 2014, investment volumes in the city are reported to have increased by the astonishing 2,174.3%.
Dubai is also among the top cities for global investors this year. It is listed at the 10th spot, right after Washington D.C. (8) and San Francisco (9).
Top cities for global investors:
- London
- Paris
- New York
- Sydney
- Tokyo
- Los Angeles
- Melbourne
- Washington D. C.
- San Francisco
- Dubai
The research also examines large dominant cities by different sectors, like innovation, technology, CRE investment, tourism and global business. Dubai ranks 13th in tourism appeal, surpassing cities like Barcelona (23), Miami (22), Prague (19) and Phuket (15). Dubai is also 28th in innovation and 30th in retail. However, the city registered a better performance in hospitality, where it comes 3rd, right after London (1) and New York (2).
According to the report, together with Istanbul, Dubai’s improved position of a global investment destination is connected with the instability that is presently seen in the Middle East. The study states, that the political and economic stability of these two cities is actually allowing them to benefit from the general situation in the region. In addition, it mentions that Istanbul and Dubai are rapidly developing their infrastructure. While the Turkish city is planning to build new tunnels under the Bosporus and a new airport, Dubai is getting ready to start the construction of the world’s biggest airport.
