JEDDAH – Dubai features this year as the only Middle-Eastern city in PwC’s Cities of Opportunity report, ranking 16th overall in the latest study that takes the pulse of 30 cities at the heart of the world’s economy and culture.
Dubai ranked 5th in global affordability, that measures cost of living, purchasing power and corporate tax rates, behind only San Francisco, Los Angeles, Johannesburg and Toronto. Dubai was also ranked 8th as an urban gateway, replacing Los Angeles in the Top 10, bolstered by the efficiency of its airport connections to central business districts for which it ranked 1st globally.
Dubai ranks16th overall in the study of 30 cities, 1st for lowest total tax rate globally, 1st in construction activity, 1st for airport access to central business districts (and 7th overall as a city gateway), 2nd for working age population (underway or planned), 4th for lowest crime rates (but ahead of all emerging cities), 4th for attracting Foreign Direct Investment (FDI), 5th most affordable city, 7th for rate of real GDP growth, 8th for internet access in schools, and 12th for its healthcare system, outscoring all US cities.
However, Dubai ranked 30th (last of out the cities studied) for its sustainability and natural resources which looks at elements such as the proportion of a city’s land area designated as public recreational and green space, and the percentage of recycled waste.
Cities of Opportunity 6 analyses the development of 30 global cities, and through their performance seeks to add insight on the policies and actions that make cities function best. Dubai’s greatest advantage is cost-effectiveness, offering better value than most developed or emerging cities and ranking 5th as the world’s most affordable city.