DUBAI — Dubai leapt to seventh place in a ranking of the most expensive cities for high-class living, overtaking Paris (13th place) and Zurich (14th place) this year, according to a report released Tuesday by Swiss banking corporation Julius Baer.
Dubai was the only Arab city that made the list of 25 cities assessed by the fourth edition of Julius Baer’s Global Wealth and Lifestyle Report 2023.
For the first time in the report’s history, the Europe and Middle East and Africa (EMEA) region was classified as the most affordable region in which to live well. European cities in particular dropped in the rankings.
What happened: Dubai ranked as the seventh most expensive city to live in and made the top 10 for the very first time in Julius Baer’s latest index.