Dubai ranked 7th as most prominent cities in the world, to a certain extent because it ranks first in the world for air connectivity, it means it has non-stop flights at least three times a week to 93% of global cities outside of its home country.
Dubai also has the world’s largest depot and an even larger airport under construction, according to the report.
Dubai’s place and business-friendly ambiance make it a preferred for companies interested in setting up a Middle East presence. As a crossroads of civilization, Dubai is beyond compare among international cities for its variety: 86% of its people are foreign born.
The report looked at eight aspects in generating its position: foreign direct investment, concentration of corporate headquarters, number of business niches the cities dominate, air connectivity, strength of producer services, racial diversity, financial services, and technology and media power.
Dubai ranked following London, New York, Paris, Singapore, Tokyo and Hong Kong. Falling behind were Beijing, Sydney, Los Angeles, the San Francisco Bay area and Toronto.
Dubai had a five-year average of 245 foreign direct investment dealings. It also ranked 25th in previous year’s Global Financial Centres Index from Z/Yen Group, which evaluated the competitiveness of major global financial centres.