What? What cant you spend it on, precisely?
More of a cultural thing. I doubt dubai has can compare to say tokyo in terms of theatres, museums, sports teams, clubs to join etc. Its about actually having stuff to do other than work.
This which I've seen people use a lot,
http://en.wikipedia.org/wiki/Global_city#Globalization_and_World_Cities_studies
ranks dubai quite low, even though it has a bias towards economic significance. Even within its group, if you ignore economic criteria, it can't compare to Berlin, Barcelona etc.
Here are the criteria http://en.wikipedia.org/wiki/Global_city#Selected_criteria
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put it all back on tho