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- Dubai Ranks Among the Top 5 in the Global City Index 2024!
Dubai Ranks Among the Top 5 in the Global City Index 2024!
Created03.12.2024, 11.29
Updated03.12.2024, 17.24
Brand Finance, the world’s leading brand evaluation and strategy consultancy, published its annual Global City Index Report 2024. This report evaluates the top 100 global city brands and offers valuable insights into these cities’ strengths on numerous key metrics. Brand Finance City Index mainly focuses on the quality of business, tourism, and lifestyle in these cities. Dubai, with a score of 86/100, ranked 5th on the list. This ranking is impressive, but not surprising, as it is known that Dubai’s vision is crafting a unique landscape for business, tourism, and innovation.
What Is the Global City Index?
Global City Index is a research that aims to showcase the best cities in the world to live, work, and visit. Brand Finance, founded in 1996, is the world’s leading consultancy in brand evaluation. The Global City Index 2024 offers 
a comprehensive evaluation of the top 100 cities worldwide.
The Brand Finance Global City Index was created by extensive research conducted with over 15.000 participants from 20 countries. The report takes into account factors of working, studying, retiring in, and visiting the researched cities. The study covers 7 metrics:
- Business & Investment
- Liveability
- Culture & Heritage
- People & Values
- Sustainability & Transport
- Governance
- Education & Science
A Closer Look At The Report
Out of these 100 cities, the top 5 are London, New York, Paris, Tokyo, and Dubai. When looking at the list closer, we see two Spanish cities in the top 20 (Madrid and Barcelona). Furthermore, Abu Dhabi ranks 30th in the list, leaving behind cities like Stockholm, Brussels, Lisbon, and Seattle.
London
London, ranking first on the list, stands out as a global leader in education, culture, and business. The city ranks 3rd in Familiarity, 2nd in Education & Science, and 2nd in universities and private schools. It is also the 2nd best place for tourism.
New York
On the second rank, we find New York, which stands out with its strong economy and culture. While the city ranked 2nd in Familiarity, it is in the 11th spot for governance issues.
Paris
Paris, which hosted the 2024 Olympics, is the global leader in lifestyle and culture. The city ranked 1st in museums, art galleries, and architectural beauty while ranking 92nd in affordability.
Tokyo
According to the report, Tokyo stands out with its growing popularity among Gen Z and Millennials. The city ranks 1st in the workforce, 2nd in economic stability, and 10th in governance. Additionally, Tokyo is the 5th most accessible city for the elderly and individuals with disabilities.
Dubai
This year, Dubai had a total score of 86/100 and featured an impressive entrance to the top 5 cities on the list. While in the 2023 report, Dubai ranked 7th in Reputation, it is the leader in this category this year. The city is also the 1st for future growth potential, 3rd in corporate taxation, 4th in working remotely, and 8th in working locally.
Barcelona (19th) and Abu Dhabi (30th)
The report highlights Barcelona’s cultural heritage and historical significance. This makes the Barcelona city a prime location among tourists and expats. In addition, Abu Dhabi ranked 30th on the list, leaving behind cities such as Stockholm and Lisbon. This situation highlights Abu Dhabi’s growing charm in many ways.
What Makes Dubai Special?
This year, Dubai ranked 2nd in the MENA (Middle East and North Africa) listings as well. The city has a solid success that comes from several factors such as its prime location, accessibility, and constantly improving infrastructure. Moreover, governmental policies such as 0% tax on personal income play a vital role in attracting business investors. The city also has great logistics, innovative technologies, and a vibrant tourism landscape. The biggest companies worldwide have branches operating in Dubai. The increasing population creates a big demand for both short and long-term rental properties, making it a great idea to invest in Dubai real estate.
Andrew Campbell, the Managing Director of Brand Finance Middle East, comments on Dubai’s success: “The substantial improvements in Dubai's consideration metrics further highlight the city’s increasing allure as a premier destination for visitors, residents, businesses, and global investors.”
Conclusion
The Global City Index is a valuable source for understanding daily life, economic power, political situation, and access to facilities and services in 100 cities around the world. Dubai, ranking 5th on the list, marks a rapid value gain, making it one of the prime locations for business and real estate investment. The city’s innovative vision and legal policies make it a great destination for business owners, retirees, families, and holidaymakers. Therefore, if you are planning to move or invest in a foreign land, Dubai is a great place you need to consider. If you agree, you can take a look at our listings to find your ideal property for sale in Dubai.
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