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

09 May 2025 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..