Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
According to the study, residential properties continue to be the major draw for worldwide HNWI as compared to the industrial and retail sectors. Additionally, Dubai remains the top target place, with 71% of respondents calling Dubai as their liked emirate.
Adhering to solid action in 2024, the Dubai property industry is anticipated to carry on attracting interest from among the well-off. According to a research study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) observed globally have actually shown attraction in buying a real estate in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital most likely being channelled towards the emirate’s housing market.
“The super-rich remain laser-focused on buying deluxe properties in the city, and this unrelenting demand has been a significant factor of Dubai being the world’s busiest US$ 10 million+ homes market place for the 2nd year running,” states Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
At the same time, Dubai remains the world’s busiest market up for sale of homes valued over US$ 10 million, the report states. in 2025, a total of 435 purchases in this bracket were reported in Dubai, nearly amounting to the quantity of such deals record in London and New York incorporated. Between January and March this year, 111 homes were offered for more than US$ 10 million in Dubai.
In its most current Location Dubai report, Knight Frank checked 387 global 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 half of the participants (52%) indicated they want buying property in the UAE.
Saudi Arabia and India HNWIs registered the greatest rate of interest, with 66% and 41% of participants showing an intent to purchase a UAE property in 2025. For the UK and East Asia HNWIs checked, 17% of each cohort showed a potential UAE real property investment this year.
Knight Frank adds that among the East Asia HNWIs, those in Hong Kong presented the strongest yearning, with 22% of participants indicating the intent to purchase UAE real estate in 2025.
“As we have discovered in our research study in former years and matching the expertise of our teams, the strongest appetite for a realty purchase in the UAE comes from those with the largest assets and is a testament to the success of the government’s programs to enhance the emirate’s look as a place for the entire world’s affluent to reside and invest in,” claims Faisal Durrani, partner and head of research for Knight Frank MENA.
The steady demand has supported activity in Dubai’s residential market, that logged record residential sales of approximately 170,000 homes in 2024 worth a total of US$ 100 billion, claims Knight Frank. That momentum has rollovered right into this year, with AED100 billion ($35 billion) in home sales already achieved since March 4. Dubai real estate prices have also persisted to increase, rising 19.1% in 2024 to hit approximately AED1,685 psf.
