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Home   —   Направления   —   Dubai Ranks 3rd in the World’s Top Cities, Surpassing New York, London, and Paris

Dubai Ranks 3rd in the World’s Top Cities, Surpassing New York, London, and Paris

Issued on: 15/06/2023
Text by: Hassina Al Amry5 min

Dubai 3rd raked city by the Economist. Photo by Fadi Al Shami

Dubai’s Exceptional Handling of the Pandemic and Progressive Reforms Propel Its Global Reputation

In a remarkable feat, Dubai has claimed the prestigious third position among the world’s top 10 prominent cities, surpassing renowned metropolises such as New York, London, Tokyo, and Paris. The recent rankings by the UK-based publication The Economist highlight Dubai’s exemplary performance over the past three years. Bolstered by its effective management of the Covid-19 pandemic and the implementation of sweeping social reforms, Dubai has cemented its place among the most influential global cities. Let’s delve into the factors that have propelled Dubai to this remarkable achievement.

A Testament to Visionary Leadership

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, took to Twitter to celebrate Dubai’s achievement.

“Dubai secured the third position among ten prominent global cities, reflecting its performance over the last three years”

He attributed this significant milestone 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. The ambitious targets set by the Dubai Economic Agenda (D33), aimed at positioning Dubai as one of the world’s leading urban economies, have played a pivotal role in securing this remarkable recognition.

Economic Growth and Population Surge

The Economist’s index, which evaluated cities based on population, economic growth, office vacancies, and house prices over the past three years, placed Dubai in an enviable position. While Miami claimed the top spot due to its robust economic growth and thriving property market, Dubai ranked a commendable third. One of the key factors contributing to Dubai’s high ranking was its notable population surge of 5.8 percent over the past three years, reflecting its magnetism as a global destination.

Miami the 1st-raked city by the Economist. Photo by Lance Asper

Unparalleled Advantages and Reforms

The Economist acknowledged that while many cities faced the challenges of the Covid-19 pandemic and geopolitical tensions, Dubai and Miami reaped the benefits of their prudent approach. Dubai’s lenient regulations and year-round warm weather have become significant advantages, particularly in an era of remote work. The city’s introduction of social reforms, including decriminalizing alcohol and cohabitation for unmarried couples, has further enhanced its appeal.

Singapore, the 2nd-ranked city by the Economist. Photo by Swapnil Bapat

Looking Ahead

Dubai’s remarkable achievement in securing the third position among the world’s top cities reflects its past accomplishments and sets the stage for future growth and development. With the ambitious D33 initiative launched by Sheikh Mohammed earlier this year, Dubai aims to double the size of its economy over the next decade and solidify its position among the world’s leading urban economies. This accolade is a testament to Dubai’s unwavering commitment to progress, innovation, and global prominence.

As Dubai continues to flourish as a cosmopolitan hub of opportunity, it stands as a shining example of visionary leadership, resilience in the face of challenges, and the enduring spirit of innovation. The city’s ranking among the world’s top cities is a testament to its unwavering pursuit of excellence and its commitment to creating a prosperous future for its residents and visitors.