by DKV International Real Estate 
Dubai, the vibrant and cosmopolitan city in the United Arab Emirates
Dubai has achieved a significant milestone by securing the third position among the world’s top 10 cities, surpassing renowned cities such as New York, London, Tokyo, Sydney, Johannesburg, Paris, and San Francisco. The rankings, conducted by The Economist, highlight Dubai’s remarkable performance over the past three years. This achievement reflects the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, along with the ambitious targets set by the Dubai Economic Agenda (D33) to establish Dubai as one of the world’s leading urban economies.
Dubai’s Journey to Success
Under the guidance of Sheikh Mohammed, Dubai launched the Dubai Economic Agenda (D33) earlier this year. This comprehensive initiative aims to solidify Dubai’s position among the top three global cities and double its economy within the next decade. The concerted efforts of government and semi-government entities, as well as private sector partners, have played a crucial role in elevating Dubai’s global standing across various sectors.
The Economist Rankings
The Economist’s rankings were determined based on data from the previous three years, focusing on population, economic growth, office vacancies, and property prices. Dubai’s impressive performance in these areas contributed to its third-place ranking. Miami secured the top spot due to its robust economic growth and thriving property market, with house prices increasing by 39.5% between 2019 and 2022. Singapore claimed the second position, while London, Tokyo, Sydney, Johannesburg, Paris, and New York followed in that order. San Francisco rounded out the top ten cities.
Conclusion:
Dubai’s ascent to the third position among the world’s top cities is a testament to its visionary leadership, ambitious economic goals, and relentless pursuit of growth and development. The city’s remarkable performance across various metrics, coupled with its advantageous factors and progressive reforms, has positioned it as a global powerhouse. As Dubai continues to strive for excellence, it solidifies its reputation as a leading urban economy and an attractive destination for residents, businesses, and investors worldwide.
