Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
The steady interest has bolstered activity in Dubai’s housing market, that registered record residence sales of approximately 170,000 homes in 2024 worth a total of US$ 100 billion, says Knight Frank. That energy has actually rollovered right into this year, with AED100 billion ($35 billion) in home sales already reached since March 4. Dubai real estate prices have also kept on to climb, surging 19.1% in 2024 to reach an average of AED1,685 psf.
“The super-rich stay laser-focused on buying luxury homes in the city, and this relentless need has actually been a vital factor of Dubai being the world’s busiest US$ 10 million+ homes market for the 2nd year running,” says Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
At the same time, Dubai stays the world’s busiest local market up for sale of homes priced over US$ 10 million, the report states. in 2025, a sum of 435 deals in this bracket were recorded in Dubai, nearly equalling the number of such deals logged in London and New York incorporated. Between January and March this year, 111 residences were reselled for around US$ 10 million in Dubai.
In its latest Location Dubai statement, Knight Frank evaluated 387 worldwide HNWI around the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to gauge their yearning for investing in United Arab Emirates property. Over half of the participants (52%) suggested they have an interest in getting real property in the UAE.
According to the study, residential properties stay the leading draw for global HNWI as contrasted to the business and retail segments. Additionally, Dubai stays the top target location, with 71% of participants identifying Dubai as their preferred emirate.
Following solid activity in 2024, the Dubai real estate industry is expected to continue drawing in interest from among the well-off. According to a research report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) evaluated around the world have shown interest in acquiring a real property in Dubai, with an approximated US$ 10.3 billion ($13 billion) in private capital possibly being directed towards the emirate’s housing market.
Knight Frank includes that among the East Asia HNWIs, those in Hong Kong displayed the greatest desire, with 22% of respondents signifying the aim to purchase UAE real estate in 2025.
“As we have actually found in our research in former years and mirroring the experience of our teams, the highest appetite for a realty purchase in the UAE originates from those with the most assets and is a testament to the success of the government’s programmes to strengthen the emirate’s appeal as a place for the entire world’s wealthy to live and invest,” states Faisal Durrani, partner and head of research for Knight Frank MENA.
Saudi Arabia and India HNWIs recorded the best interest, with 66% and 41% of respondents suggesting an intent to acquire a UAE real estate in 2025. For the UK and East Asia HNWIs evaluated, 17% of each associate suggested a prospective UAE real estate investment this year.
