Think New York’s Magnolia Bakery is pricey? Think again. A little café in Dubai makes the most expensive cupcakes in the world. For $1007, you can buy a Golden Phoenix — a fist-sized treat made with Italian cocoa, Ugandan vanilla and a generous helping of edible gold leaf. Built on Gulf oil wealth, Dubai is notorious for extravagance, but only 15 people in two years have decided the tiny delicacies are worth their weight in gold.