Lee hsien loong, Singapore’s former prime minister, recently gave some advice to foreigners in the city-state: “Please keep the bling down.” Mr Lee counselled rich incomers not to go popping expensive ...

Many of Asia’s richest families are reconsidering their exposure to Dubai as the Iran war rattles the city that has attracted billions from across the region in recent years.

Dubai, in the United Arab Emirates, has become a haven for the global elite with its sunny weather, security and largely tax-free status. Since the start of the U.S.-Iran war, that reputation for ...