Dubai is in the top 10 most popular business locations in the world according to Business Footprints – Global Office Locations, a new report by real estate services firm, CB Richard Ellis (CBRE).
The report maps the global office footprint of 280 major international companies, across 101 countries and 232 cities.
Of those companies profiled, just over half (56.1%) have an office presence in Dubai ranking it in 9th place overall, while the UAE as a whole was ranked 15th in the country ranking, with 171 companies present (61.1%).
Business Footprints ranks Hong Kong, which is home to 68.2% of companies surveyed, as the world’s number one business location, followed by Singapore (67.5%) and Tokyo (63.9%), while London is ranked the fourth most popular business location in the world (63.2%). The top five is completed by Shanghai (61.4%).
Richard Holberton, director of EMEA research at CBRE, said: “Our finding that over half of the world’s top thirty most popular office locations are outside of the most economically developed nations underlines the importance major companies are placing on gaining access to new markets to fuel their growth.
“It is particularly interesting to note the position of a number of emerging markets relative to established cities in developed economies. For example, Shanghai, Moscow, Beijing and Dubai feature in the top 10 most popular business locations, with more international companies present than in Paris (56%), New York (55%) and Milan (53%).”