Zur deutschen Version von CITYMAKLER DRESDEN

Dresden: an economic metropolis

Perhaps more than any other European city, Dresden can, identify with elegance and a dynamic economy. The development of Saxony’s art, cultural and economic scenes since 1990 has been one of the true success stories of German unity; the city is blooming like never before, is more successful than ever before, and offers a higher living quality than ever before.

Dresden is one of the few eastern German cities with a rising population. Between 2000 and today, the number living in the region rose by 15 per cent, to around 553,000 – a figure topped only by Berlin. As for the birth rate, Dresden even topped Berlin – some 8,500 babies were born in the Elbflorenz area in 2016.

With over 60 per cent forest and green areas, Dresden is considered one of the greenest cities in Europe. In the north lies the Dresdner Heide, which, at over 6,000 hectares, is the largest continuous forest area of ​​the city; while in the centre is the extensive Große Garten (Great Garden). The blue-green River Elbe winds its way through the urban area, through broad meadows and through gentle vineyards, which are crowned by three castles known as the Elbschlössern.

In addition to the high quality of living that Germany has become known for, Dresden in particular looks forward to consistent growth. With billions euros worth of investments in technology, research and mechanical engineering, the city has become one of the country’s most sought after business locations.

The well developed transport infrastructure, with three Autobahns and an international airport, benefits not only industry, but also residents and visitors to the city. Dresden is a tourist magnet, with over 7 million visitors a year, and over 350,000 overnight stays per month.

Dresden is a prime example of modern fiscal policy – Elbflorenz is the only large German city without municipal debts, which allows it to promote the area’s art and culture scenes. This is most evident in the many concerts, festivals and street festivals that take place each year. Regular movie nights, the Bunte Republik Neustadt and the Ostrale are just three of the many major public events which brings Dresden to the top table. The city is also investing in its Baroque heritage, including the famous Semper opera, the Zwinger palace, the Frauenkirche and Brühl’s Terrace, aka The Balcony of Europe.

Dresden is green, innovative, cultural, social, and much more.

Dresden is economy

Dresden is one of the world's leading locations in microelectronics, nanotechnology, information technology, new materials and life sciences. Global players such as GlaxoSmithKline, VON ARDENNE, Novaled and Biologicals operate in the city. Auto supplier Bosch currently investing a billion euros in a semiconductor factory; Bosch competitor Globalfoundries is set to invest €1.5 billion in its Dresden-based company; and tobacco giant Philip Morris is spending €300 million euros to build a factory for its new e-cigarette brand, Iqos. Dresden truly is the investment capital of Germany. And, for the city council, money that might be spent servicing debts can instead be used to benefit residents and promote arts, culture and urban development.

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Dresden is culture

The Bunte Republik Neustadt festival takes place on the third weekend of June and is the largest alternative street festival in Europe, with some 200,000 visitors flocking to the city each year. On the other side of the Elbe in Ostragehege is Europe’s largest alternative art exhibition, the Ostrale; in 2017, 165 artists and groups from 26 countries participated.

Germany's largest open-air cinema festival, with 55 film events and several concerts, is held every year on the banks of the Elbe. Some 3,500 visitors can be seated in front of the world’s largest mobile screen, while for standing concerts, up to 15,000 people can be accommodated. At the Dixieland Festival, 300 musicians perform on 60 stages. These festivals and more make Dresden a unique centre for arts and culture.

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Dresden is science

Founded in 1828, as a higher educational institution, the University of Dresden has grown to become the largest university in the state of Saxony, with 35,000 students and 6,000 employees. In 2012, it was named a Centre of Excellence, underlining its importance as a study and research centre. Renowned research institutes such as the Fraunhofer Society, the Max Planck Society for the Advancement of Science, and the Helmholtz Association, operate in the city, while the Carl Gustav Carus University Hospital is one of the most important medical research institutions in Germany. The school of medicine is a leader in the treatment of complex, particularly severe or rare diseases, and also focuses on cancer and diabetes research and neurodegenerative medicine – the treatment of dementia and Parkinson's disease. The Dresden University Medical Centre recently achieved third place in a nationwide ranking – further proof of the high quality of its 21 clinics.

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Dresden is baroque

The Zwinger, the Taschenbergpalais, the Pillnitz and Übigau castles and the Palais Brühl-Marcolini are just some of the many wonderfully preserved baroque buildings in the city; several town houses date from 1720-1770. One of the world’s most famous buildings of the Baroque is the Frauenkirche, which was rebuilt between 1994 and 2005. And the Gewandhaus, the Kreuzkirche, the Kurländer Palais, the Neustädter Wache and the Residenzschloss are just as splendid. Dresden is considered the Baroque city in Germany.

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Dresden is innovative

When many people think of Dresden, they immediately think of “Silicon Saxony”. Some 320 companies with over 20,000 employees across Dresden, Freiberg and Chemnitz have come together under this umbrella, combining expertise in micro- and nanoelectronics, photovoltaics, smart systems, telecommunications, information technology, energy-efficient systems and networked sensors, as well as organic and printed electronics. The network is the most successful of its kind in Europe.

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Dresden is social

One in three people in Dresden is involved in voluntary work - a record for Germany. In 1999, a community foundation was established, the first of its kind in the new federal states, into which more than 250 Dresden residents, associations and companies have contributed between €200 and €100,000 to support hundreds of projects and initiatives, including the KulturLoge Dresden, the Großer Garten Palais, the Erich Kästner Museum and memorial plaques. In 2002, the community foundation helped to collect some €1.7 million for victims of devastating floods.

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Dresden is best value

In 2006, the sale price of apartments was €1,294 per square metre. By 2016 it had risen to €1,832 – an investment growth of 42 per cent. And rents have risen in the same period from €5.30 per square metre to €6.46 – a 15 per cent rise. A study by Postbank showed that Dresden comes second only to Munich for expected property value increases by 2030, making it one of the best investment locations in the country.

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