Dubai has been ranked among the top 10 cities to live in 2021 by studies released on UN World cities Day, pointing to the emirate’s strong, positive and faster-growing prospects.
The global real estate consultancy JLL stated that Dubai’s strong governance mechanism, a predictable investment system and the leadership’s long-term agenda will aid the emirate in a post-COVID-19 world.
The emirate is capable and productive in responding to opportunities, their power over real estate and transport enables Dubai capable to make sustained partnerships with investors and developers.
In the city reports Global bank HSBC said that the major economic and business alterations Dubai made over the past few years have brought notable improvements in its economic competitiveness and status as a global hub.
“Business reforms are also supporting the city’s innovation ecosystem. Dubai’s global corridor capability remains stable,” it added.
Professor Greg Clark, author of the reports and global head of future cities and new industries at HSBC says that the Middle East, North Africa and Turkey (MENAT) is home to busy cosmopolitan cities and its economies’ ability to drive climate and sustainability-oriented innovation, reinvented trade flows and the pursuit of human health and happiness, will be the key factors for its growth as future global hubs.
“The overarching aim of Dubai’s series of long-term plans is to accelerate the transition towards the innovation economy, more renewable sources of energy and low carbon transport options. A number of more specialized long-term plans support an overarching charter that sets out the government’s vision for the future of Dubai,” HSBC said in its city report.
Resonance Consultancy, a global real estate and tourism advisor has also announced the world’s 100 top-performing cities in its annual World’s Best Cities Report, ranking Dubai at sixth. The study states that the emirate’s outdoor activities have secured its sixth position in the overall ranking.
“The city offers outdoor experiences that rank fifth-most in quality and it hit the top 10 for both safety and weather. All the better to chase thrills among Dubai’s plentiful extreme sports offerings. There’s skydiving over the city’s more fanciful developments, the Palm Islands and World Islands. There’s dune bashing in the desert, a high-octane way to experience the environment around the city.”
“Dubai has reinvented itself yet again throughout the 2010s, growing from a sterile playground for a handful of ultra-rich Emiratis to an international tourism and business destination. That has helped to attract the second-highest proportion of foreign-born citizens of any city worldwide, and they’re a sharp crowd, ranking No. 16 for Educational Attainment globally,” it added.