Dubai has climbed again to 7th place globally in the Julius Baer Global Wealth and Lifestyle Report 2025, becoming the only MENA city on the list. The recent announcement places Dubai five spots higher than last year, despite only a 1% rise in average local currency prices.
How the Rankings Work
Julius Baer’s Lifestyle Index ranks 25 cities by analyzing the cost of luxury living, from residential property to business class flights and other high-end services that the ultra-rich typically spend on.
Property and Cars Lead the Price Surge
What’s fueling the glow-up? A booming prime property market (+17%), flashy car prices (+13%), and beachside, high-spec homes that offer double the space of London, for less.
Millionaire Growth Is Off the Charts
Dubai isn’t just playing rich—it is rich. The city now has 81,200 millionaires, 237 centimillionaires, and 20 billionaires. That’s a 102% jump in millionaires over the past 10 years. Add in low personal taxes and golden visas, and you’ve got a luxury lifestyle cocktail that high-net-worth individuals (HNWIs) find hard to resist.
Dubai isn’t just a stopover—it’s a full-on wealth magnet. With big ambitions, low taxes, and a skyline full of skyscrapers, it’s giving traditional hubs like London and Zurich some serious competition.
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