Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Knight Frank includes that amongst the East Asia HNWIs, those in Hong Kong showed the highest yearning, with 22% of respondents signalling the intent to purchase UAE property in 2025.
“As we have found in our research study in previous years and matching the experience of our teams, the highest appetite for a realty purchase in the UAE comes from those with the largest assets and is a testimony to the success of the government’s programs to strengthen the emirate’s appeal as an area for the entire world’s affluent to live and invest,” states Faisal Durrani, partner and head of research for Knight Frank MENA.
At the same time, Dubai stays the global’s busiest local market available of homes marked up over US$ 10 million, the record states. in 2025, a total of 435 transactions in this bracket were recorded in Dubai, almost amounting to the quantity of such deals record in London and New York incorporated. Between January and March this year, 111 homes were sold off for around US$ 10 million in Dubai.
According to the report, houses stay the biggest draw for international HNWI as contrasted to the industrial and retail sectors. In addition, Dubai remains the leading target destination, with 71% of respondents calling Dubai as their liked emirate.
Complying with solid activity in 2024, the Dubai realty industry is anticipated to continue drawing in demand from amongst the wealthy. According to a study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) evaluated around the world have actually indicated interest in buying a real estate in Dubai, with an approximated US$ 10.3 billion ($13 billion) in private capital most likely being directed in the direction of the emirate’s residential market.
Saudi Arabia and India HNWIs registered the best interest, with 66% and 41% of respondents suggesting an intent to buy a UAE estate in 2025. For the UK and East Asia HNWIs evaluated, 17% of each cohort suggested a potential UAE property investment this year.
The steady demand has actually boosted activity in Dubai’s residential market, that registered record residence sales of nearly 170,000 homes in 2024 worth a total of US$ 100 billion, claims Knight Frank. That momentum has actually carried over into this year, with AED100 billion ($35 billion) in home sales already reached since March 4. Dubai real estate prices have also continued to rise, surging 19.1% in 2024 to hit approximately AED1,685 psf.
“The super-rich remain laser-focused on acquiring luxury houses in the city, and this unrelenting need has actually been a vital factor of Dubai being the world’s busiest US$ 10 million+ homes market place for the 2nd year running,” claims Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
In its most recent Location Dubai record, Knight Frank surveyed 387 worldwide HNWI around the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their demand for investing in United Arab Emirates property. Over fifty percent of the participants (52%) showed they want purchasing real property in the UAE.
