(MENAFN- Khaleej Times) The report which analyses over 200 globally recognised city performance indices to understand the comparative performance of cites also identifies New York London Singapore Paris and Hong Kong as the top 5 performing cities across six leading all-round indices.
Dubai: Dubai has made it to the list of top five most improved cities since 2010 which has been compiled by global property expert JLL in partnership with The Business of Cities Group.
Istanbul has been ranked the most improved city since 2010 in “The Business of Cities 2015” report followed by Moscow (Russia) Mumbai (India) and Seoul South Korea.
In terms of the most improved cities the emirate showed marked progress climbing up the global ranking in respect of two diverse indicators financial services and innovation both of which form an important part of the government’s 2021 economic vision for the city said JLL in the report.
The report which analyses over 200 globally recognised city performance indices to understand the comparative performance of cites also identifies New York London Singapore Paris and Hong Kong as the top 5 performing cities across six leading all-round indices.
As several companies leverage on-the-ground market awareness of their customers commercial networks and stakeholders to create an accurate picture of demand in and for cities perception-led assessments highlight the enduring brand advantages possessed by certain cities. Among the emerging cities Dubai Bangalore (India) Sao Paulo (Brazil) and Santiago (Chile) all appear to have become associated globally with exciting recruitment opportunities as clustering and agglomeration processes unfold stated JLL in the report after assembling and analysing the widest range of comparative studies on city performance to date.
While there has broadly been stability at the top of the global rankings further down has seen high levels of flux in the past three years as cities readjust to the geography of global opportunity stated the property expert in the report.
As the most consistently improved city over the recent time frame Istanbul has cemented its status as a diversified onshore provider of financial services and has regularly overtaken medium-sized established cities owing to its scale and gateway functions.
“In the 21st century the pace at which new cities arrive on the global scene is faster than ever. In the new cycle of globalisation emerging cities such as Ho Chi Minh (Vietnam) Nairobi (Nairobi) and Delhi (India) are increasingly seeking to enter the global economy and accelerate growth through innovation and technology start-ups” explained Rosemary Feenan the international director Global Research at JLL.
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