Dubai Falls 7 Places to 14th in Julius Baer Index as Dollar Weakness Skews Costs
Updated
Updated · The National · Jul 7
Dubai Falls 7 Places to 14th in Julius Baer Index as Dollar Weakness Skews Costs
3 articles · Updated · The National · Jul 7
Summary
Dubai slipped seven spots to 14th in Julius Baer’s 2026 ranking of the most expensive cities for the ultra-wealthy, even though prices inside the emirate did not ease.
US dollar weakness against major currencies drove the drop, meaning Dubai’s lower position reflected exchange-rate effects rather than a cheaper premium lifestyle.
Singapore held No. 1 for a fourth straight year, supported by a strong currency as well as high property and car prices.
10.2% was the average rise in premium-lifestyle costs in dollar terms, with jewellery prices up 16.4% and watches up 15.5%, underscoring persistent luxury inflation.
Julius Baer still described Dubai as a resilient regional hub, citing its business climate and location between East and West.