The best city to invest in the world has been named as Dubai.
- Dubai is the best city to invest in
- Abu Dhabi took second position in the survey
- This is based on investors’ trust, admiration and emotional link with the destination
Property investors have been advised that Dubai is the best city in the world to plough money into.
Reputation Institute recently released a survey of 18,000 respondents, which reported that the United Arab Emirates (UAE) city is the most popular to invest in, with Abu Dhabi taking second place.
The 2012 City RepTrak report revealed the most reputable cities around the world, with surveyors from the Group of Eight (G8) markets rating the locations based on trust, admiration and the emotional link they had with the areas.
These results are based on which cities people are most keen on visiting, living, working and buying. While Venice and Paris were found to be the most popular destinations worldwide to visit, the UAE metropolis took the top spot with regards to investment opportunities.
In order to get the position, Dubai beat other huge cities around the world, including New York, Geneva, London and Zurich.
This comes after His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, revealed new Law No 7 with regards to the Dubai Land Department. This is intended to boost investment in the city, as it will improve monitoring and strategies in Dubai’s property industry.