Dubai ranked among global top five in new Tier-1 City Index
Company News

Dubai ranked among global top five in new Tier-1 City Index

Dubai has been ranked fifth among seven leading global cities in a newly launched Tier-1 City Index developed by Driven | Forbes Global Properties. The real estate brokerage released its first report, Dubai on the Verge of Tier-1 City Recognition, at a roundtable in Dubai on May 5. The index benchmarks Dubai against cities like New York, London, Paris, Singapore, Sydney and Hong Kong using 28 indicators, including infrastructure, governance, quality of life, and global appeal. The emirate scored particularly high in infrastructure (2nd), international appeal (3rd), and safety (4th), reflecting its rapid strides toward tier-one global status. Driven’s CEO Abdullah Alajaji said the initiative was aimed at grounding market conversation in data and long-term vision. The findings are aligned with Dubai’s D33 Economic Agenda and the Dubai 2040 Master Plan. The report also notes Dubai's attractive cap rates, maturing pricing phase, and long-term investment potential. Strategic opportunities lie in limited-supply segments like waterfront properties and affordable housing. With institutional capital inflows rising, the report concludes that Dubai is steadily evolving into a mature global real estate hub.

Dubai has been ranked fifth among seven leading global cities in a newly launched Tier-1 City Index developed by Driven | Forbes Global Properties. The real estate brokerage released its first report, Dubai on the Verge of Tier-1 City Recognition, at a roundtable in Dubai on May 5. The index benchmarks Dubai against cities like New York, London, Paris, Singapore, Sydney and Hong Kong using 28 indicators, including infrastructure, governance, quality of life, and global appeal. The emirate scored particularly high in infrastructure (2nd), international appeal (3rd), and safety (4th), reflecting its rapid strides toward tier-one global status. Driven’s CEO Abdullah Alajaji said the initiative was aimed at grounding market conversation in data and long-term vision. The findings are aligned with Dubai’s D33 Economic Agenda and the Dubai 2040 Master Plan. The report also notes Dubai's attractive cap rates, maturing pricing phase, and long-term investment potential. Strategic opportunities lie in limited-supply segments like waterfront properties and affordable housing. With institutional capital inflows rising, the report concludes that Dubai is steadily evolving into a mature global real estate hub.

Next Story
Resources

KEC International bags Rs 10.34 billion in new orders

"KEC International Ltd, a global infrastructure EPC major and part of the RPG Group, has secured new orders worth Rs 10.34 billion across its Transmission & Distribution (T&D), Civil, and Cables businesses. In the T&D segment, the company has received its first-ever STATCOM project from a global OEM in India, along with orders for the supply of towers, hardware, and poles in the Americas. The civil business has marked a key milestone by entering the semiconductor space, bagging a contract to establish a semiconductor plant for a major private player. It has also won a repeat order ..

Next Story
Products

Viva launches 3D louvres for next-gen façade design

Viva, Asia’s largest manufacturer of aluminium composite panels (ACP), has introduced its advanced 3D louvres, offering a blend of architectural innovation and practical performance. Designed to enhance the aesthetics and efficiency of building facades, these louvres aim to set a new benchmark for the industry.The newly launched 3D louvres are engineered to add visual depth and dynamic appeal to both residential and commercial structures. Combining durability, ease of installation, and low maintenance, the product is tailored for contemporary design needs.“The 3D louvre range is a natural ..

Next Story
Infrastructure Urban

JustDeliveries raises Rs 5.5 crore to expand intracity cold chain network

JustDeliveries, a cold chain logistics startup focused on mid-mile solutions for India’s food and beverage sector, has raised Rs 5.5 crore in a funding round co-led by VC Grid and NABVentures. Other participants included LetsVenture, Anay Ventures, and FAAD Network.This fresh round brings the total capital raised by the startup to US$ 2 million (approximately Rs 15.9 crore). The funds will be used to strengthen its technology platform and expand operations to three more cities, including Lucknow and Chennai. JustDeliveries currently operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune.F..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?