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Dubai takes second place in TOP 100 City Destinations Index 2021 and also ranks first in the Arab world in the Global Power City Index 2021

Known for taking the leading position in world-renowned rankings, Dubai has proved its astounding performance once again. This time, it has been ranked fifth globally, and first in the Arab world in the Global Power City Index (GPCI) 2021 issued by the Institute for Urban Strategies at The Mori Memorial Foundation in Japan. In terms of economy, the city was ranked the highest in the Arab world in the “Economy” criterion, showing its resilience amidst the pandemic. The GPCI rates cities by evaluating 70 indicators that measure 6 functions: Accessibility, Environment, Livability, Cultural Interaction and R&D, as well as the Economy. Meanwhile, Dubai has beaten some of the most rapidly-growing metropolitan cities, including Helsinki, Vienna, Madrid and Seoul. In addition, the city took first place regionally and second globally in the TOP 100 City Destinations Index 2021, compiled by UK market research company Euromonitor International. It was particularly praised for its safety measures since the vaccination process has been executed well and vaccination rates in the city are high. In fact, Dubai has been ranked highest in terms of Health and Safety among the top 10 cities in the index, which includes Amsterdam, Madrid, Paris and Rome, among others.

The real estate market of Dubai is also thriving, with price growth of 21% in the first 10 months of 2021, as reported by Zoom Property Insights. Dubai Marina, Business Bay and Jumeirah Village Circle (JVC) are among the best and most popular areas to buy a residence in the city. In fact, Business Bay witnessed sales of 2 of the most expensive apartments in the city in the third quarter of this year at a cost of AED 40M (USD 10.9M) and AED 37M (USD 10.1M). These residences are part of the Volante and Dorchester Collection Dubai developments. At the same time, the waterfront community of Dubai Marina has registered a total of 4,363 transactions during the 3 quarters of 2021, showcasing investors’ confidence in this area. As for ultra-luxury residential units, the Palm Jumeirah retains its leading position, with Downtown Dubai and Arabian Ranches following the lead. It is worth noting that the latter community will release new villa clusters in Q1 2022, sparking more interest among property buyers worldwide.

Besides an expansive array of properties, Dubai is widely famed for its luxury resorts as well. In fact, on 18 December 2021, the 5-star Anantara World Islands Dubai Resort will open its doors to the public. This is the first luxury resort in the city’s World Islands which contains a total of 70 rooms, suites and villas. Guests will be treated with ocean views and direct beach access, and villas feature private pools as well. In addition, Anantara World Islands Dubai Resort offers a gym, a guest pool and a collection of private infinity pools for guests staying in villas. The future phase of the long-awaited hotel includes a signature spa with spa cabanas and in-room treatments, among other key features.

It was recently announced that Dubai will house the world’s first floating 5-star resort by 2023. Situated on the Arabian Gulf, near Dubai Marina, the Kempinski Floating Palace will boast 156 rooms and suites, as well as 12 floating Neptune villas. The hotel will be accessible exclusively by speedboat transfer from one of the most elite beaches on Jumeirah Beach Road. Guests of the Kempinski Floating Palace will enjoy impeccable service, gourmet eateries and fancy bars, along with a palm tree-surrounded swimming pool and a luxury spa. Meanwhile, deluxe Neptune villas will be available in 2-4 bedroom options, with a private infinity pool and a roof terrace. Not only will residences be equipped with solar panels and smart technology, but they will also feature furniture and interiors designed by the iconic car brand Aston Martin. It is worth noting villas in Kempinski Floating Palace can be booked for both a short-term stay and acquired as permanent residences.

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