Dubai tops as most important city in the world

Dubai is the 13th most important city globally, and eighth fastest growing city of importance for high net worth individuals (HNWIs), as revealed by Knight Frank and Citi Private Bank.

The Wealthy Report 2012 ranks Dubai as the 10th in quality of life category, staying ahead of Barcelona, Madrid, Vienna, Toronto and Dallas.

In the knowledge and influence category, the emirate stands in the 11th position, while it ranked 7th in the economic activity category.

The report took into consideration 120 cities to assess their importance to HNWIs, based on several aspects including investment potential, economic openness, and their appeal to live or visit.

Last year, Dubai was ranked 11th among top 40 cities for ultra HNWIs and expected that Dubai would strengthen its position over the next 10 years. The emirate was placed 32nd out of 40 cities in the global cities index.

Dubai is the only city from the Middle East to have made it into the list. Respondents to the survey were also asked to rank the most important global and regional cities to HNWIs in 10 years, and to pinpoint those growing most quickly in importance.

London took the topmost position in almost all categories, as it has been placed ahead of Hong Kong, Singapore, Shanghai and Beijing by even respondents from Asia Pacific. Beijing and Shanghai leads the list of cities that are fast growing in importance to HNWIs.

Posted on 24/8/2012

Recent Articles