Dubai is among the most dynamic cities in the world, according to JLL's City Momentum Index (CMI) 2017 report.
The annual report looks at the fastest-changing cities around the globe, tracking the speed of their changing economy and commercial real estate market, while identifying hubs that have the most dynamic attributes over the short and long-term.
Placed at 11 in the global top 30, Dubai finished just behind Nairobi (10) and London (six) in the Europe, Middle East and Africa market. Top of the list went to the Indian powerhouse Bengaluru, followed by Ho Chi Minh City, Silicon Valley, Shanghai and Hyderabad which completed the top five.
The index covers 134 major established and emerging business hubs across the globe and looks at the key ingredients of population, connectivity, technology and R&D, education, environment, real estate investment, property prices and economic output, among other areas.
"The world's most robust, agile and open cities are generating considerable momentum and energy, and are taking the lead in shaping our future landscape," said Craig Plumb, head of research at JLL Mena."However, the world has become a riskier place since our last report. These disruptions are happening just as our cities are undergoing major structural change as the effects of globalisation, technological breakthroughs and rapid urbanisation combine to challenge the very fabric of our urban spaces."
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