The emirate is at 14th position, entering the top 20 for the first time in 3 years.
The report compiled by JLL’s City Momentum Index 2020, classifies cities from a real estate perspective.
The annual Index combines socio-economic and commercial property metrics to provide new insights into 130 major established and emerging business hubs across the globe.
Dubai continues to be the major business hub in the Middle East, with more than half of the population aged 20-40 (the second highest proportion globally).
Government initiatives to relax visa regulations hope to balance out the construction boom in commercial and residential properties while momentum is forecast to grow further in the lead-up to Expo 2020 Dubai.