Check out high yield propertiesCheck out new launches
    • Home
    • Blog
    • Dubai named world’s top mega city for construction
    • PROPERTYEPORTAL HOUSE PRICE INDEX
      March 2020
    •   -1.3%
      Monthly Change
    •   -6.7%
      Annual Change
    • Palm Jumeirah
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Motor City
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • Jumeirah Golf Estates
    •   -0.04%
      Monthly Change
    •   -0.5%
      Annual Change
    • Jumeirah Village Circle
    •   -0.04%
      Monthly Change
    •   -0.3%
      Annual Change
    • Jumeirah Beach Residence
    •   -0.017%
      Monthly Change
    •   -0.2%
      Annual Change
    • Jumeirah Lakes Towers
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • Jumeirah Park
    •   -0.03%
      Monthly Change
    •   -0.3%
      Annual Change
    • Jumeirah Islands
    •   +0.03%
      Monthly Change
    •   +0.3%
      Annual Change
    • International City
    •   +0.03%
      Monthly Change
    •   +0.2%
      Annual Change
    • IMPZ
    •   -0.03%
      Monthly Change
    •   -0.3%
      Annual Change
    • Emirates Living
    •   +0.04%
      Monthly Change
    •   +0.3%
      Annual Change
    • Dubai Silicon Oasis
    •   -0.09%
      Monthly Change
    •   -1.1%
      Annual Change
    • Dubai Sports City
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Dubai Marina
    •   +0.09%
      Monthly Change
    •   +0.1%
      Annual Change
    • Dubai Land
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Dubai Investments Park
    •   -0.12%
      Monthly Change
    •   -1.4%
      Annual Change
    • Dubai Festival City
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • DIFC
    •   -0.075%
      Monthly Change
    •   -0.9%
      Annual Change
    • Downtown Burj Khalifa
    •   -0.05%
      Monthly Change
    •   -0.6%
      Annual Change
    • Discovery Gardens
    •   +0.03%
      Monthly Change
    •   +0.2%
      Annual Change
    • Business Bay
    •   -0.09%
      Monthly Change
    •   -0.1%
      Annual Change
    • Barsha Heights (TECOM)
    •   -0.02%
      Monthly Change
    •   -0.2%
      Annual Change
    • Arabian Ranches
    •   -0.1%
      Monthly Change
    •   -1.2%
      Annual Change
    • Al Furjan
    •   -0.09%
      Monthly Change
    •   -1.1%
      Annual Change
    November 3rd 2018best real estate investment, dubai real estate, real estate market in Dubai

    Dubai named world’s top mega city for construction

    Dubai has been named as the world’s top city for construction projects with a pipeline worth $374.2 billion, according to new research.

    The UAE city beat London into second place, with $328.7 billion worth of projects, in a list of the world’s 50 Construction Mega Cities compiled by GlobalData.

    According to the report, an estimated $4.2 trillion worth of construction projects are either planned or ongoing in the world’s megacities.

    The total of 6,645 projects are said to be fuelled by increasing urban populations. The United Nations has forecast that between 2016 and 2030 the percentage of the world’s population living in cities with at least a million inhabitants is likely to grow from 23 percent to 27 percent, and the number of megacities is projected to jump from 31 to 41.

    Yasmine Ghozzi, an economist at GlobalData, said: “The ranking of Construction Mega Cities in the Gulf states shows they are spending the most on major development projects relative to the size of their populations. Dubai, for example, has a population of 3.2 million, but it holds the top position in terms of the value of the construction mega-projects pipeline per capita.”

    The report also showed that Asia-Pacific accounts for half of the 50 cities with a projects pipeline totaling $1.7 trillion.

    All rights reserved to the initial publisher for Arabian Business

    Collected and published by propertyeportal.com editorial team. Get in touch with us at [email protected]