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According to new ranking by real estate consultancy Jones Lang LaSalle, Dubai is ranked 3rd “Most Dynamic City” in the world following San Francisco and London. 111 cities were covered in the the Research called “City Momentum Index (CMI)”.
City Momentum Index measures a City on basis of GDP growth, speed of adaptation, speed of innovation, creating new businesses, rates of construction and absorption, real estate price movement and the attraction of a city’s built environment for cross-border capital and corporations. The study reflects how well a city meet its socio-economic goals and commercial real estate momentum. Also how much a city is capable of sustaining the momentum over the longer term.

Dubai topped in category for bringing about quick-silver changes in “socio-economic” and “Commercial Real Estate” momentum.