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 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..