![]() ![]() Here are the 10 most expensive cities in 2023, according to Julius Baer’s lifestyle index:ĭubai’s significant rise means it is costing wealthy residents more to maintain their lifestyles. ![]() These goods and services include residential properties, high-end restaurants, airline tickets and other factors. The lifestyle index evaluates 25 major cities based on 12 consumer goods and eight services used by high-net-worth individuals. It was also the only EMEA city to rise in the rankings in 2023. The city rose seven positions from 14th place last year, making Dubai the third most expensive city within the EMEA region after London and Monaco. 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. European cities in particular dropped in the rankings. 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.ĭubai 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.įor 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.
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