Dubai among top 10 costliest cities for rich in 2025: What this means for residents

Dubai has ascended to 7th place globally in Julius Baer’s 2025 report, driven by soaring luxury property and car prices, attracting global elites with tax-free incentives and high-end infrastructure. While the city solidifies its status as a luxury hub, middle-income expatriates face increasing cost pressures, highlighting the need for balanced economic policies.