Dubai is now the seventh most expensive city in the world for luxury living

Dubai is now the seventh most expensive city in the world for luxury living

Dubai is now the seventh most expensive city in the world for luxury living, having jumped seven places in a ranking based on report by Swiss private bank Julius Baer. Dubai swapped places with Zurich, which is now in 14th place, as the seventh most expensive place to live for high-net-worth-individuals (HNWIs), The Global Wealth and Lifestyle Report revealed. Julius Baer’s Lifestyle Index ranks the world’s 25 most expensive cities by analysing the cost of a series of purchases and services, from residential property to legal services, up to fast moving consumer goods including designer handbags. Of the 25 global cities surveyed, Singapore was the most expensive, followed by Shanghai, Hong Kong, then London and New York. While Dubai was at number seven, the remainder of the top 10 was made up of Monaco, Taipei in Taiwan, Sao Paulo in Brazil, which became the first Latin American city to enter the top 10, and Miami. Paris was the tenth expensive city last year but has now fallen to 13th place. For the first time since the report was started in 2011, Europe the Middle East and Africa (EMEA) is the most affordable region to live well, with European cities dropping