Dubai’s elevation to the 7th spot globally in Julius Baer’s 2025 Global Wealth and Lifestyle Report marks a significant milestone, fueled by soaring luxury property and car prices attracting high-net-worth individuals with tax-free incentives and top-notch infrastructure. While the emirate cements its position as a luxury hotspot, middle-income expats are grappling with mounting living costs, underscoring the need for balanced economic measures. Luxury properties and cars witnessed sharp price surges, contrasting with stable inflation on everyday goods. The city’s tax-free perks, opulent amenities, and lavish lifestyle are magnets for global elites; however, middle-income expatriates are starting to feel the pinch of rising expenses.