Dubai Secures 3rd Rank In World’s Top Cities, Beating Paris, London And New York

Dubai has ranked third among Top 10 prominent global cities – besting New York, London, Tokyo, Sydney, Johannesburg, Paris and San Francisco – based on the recent rankings by UK-based The Economist.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, tweeted about this achievement on Friday, saying: “Dubai secured the third position among 10 prominent global cities, reflecting its performance over the last three years.”

“This great achievement can be attributed to the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and the ambitious targets set by the Dubai Economic Agenda (D33), which has supported Dubai in its goal to become one of the world’s leading urban economies,” Sheikh Hamdan added.

Launched by Sheikh Mohammed in January this year, the key goal of D33 is to double the size of Dubai’s economy over the next decade and to consolidate its position among the top three global cities.

The Dubai Crown Prince also “thanked all government and semi-government entities, as well as private sector partners, who have united as one team to raise Dubai’s global standing across various sectors.”

The Economist created the index based on four categories—population, economic growth, office vacancies and house prices—over the past three years. To create an overall score, each city was ranked based on how it performed on these measures.

According to The Economist, Miami claimed top spot, “thanks to its strong economic growth and perky property market”, where real house prices leapt by 39.5 per cent from 2019 to 2022.

Singapore ranked second and Dubai came in third, with a strong population jump of 5.8 per cent in the past three years. New York came in fourth place, followed by London, Tokyo, Sydney, Johannesburg, Paris and San Francisco in 10th spot.