Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
The Dubai non commercial industry carried on to shatter logs in 2Q2025: Research by Knight Frank shows that 143 Dubai homes valued over US$ 10 million ($12.78 million) were sold last quarter, surging 52% y-o-y.
Knight Frank also highlights that among the US$ 10 million Dubai residences that sold last quarter, apartments outpaced villas for the first time since 2Q2023, with 80 apartments offered, compared to 63 villas.
The units sold in 2Q2025 reached to a complete sales value of US$ 2.6 billion. This is 37% greater than the US$ 1.9 billion reported in the first quarter and represents an all-time quarterly sales high, claims Knight Frank. It is also a 63% spike compared to the similar period last year.
According to Knight Frank, the number of Dubai homeowners who have come to be millionaires exclusively because of their real estate’s worth rising because of rate inflation has increased significantly. “The number of accidental millionaires in Dubai has actually increased by an average of 79.5% over the previous 3 years,” notes Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani highlights that the present number of available homes within certain price braces is tightening rapidly. For example, homes in the US$ 10 million price tier fell by 39% last year, from 4,110 to 2,493 units. In the US$ 25 million bracket, the variety of available homes plunged 85% in 2024, from 583 to only 86 units.
Faisal Durrani, associate and head of research study for Knight Frank MENA, watches a difference amongst the expanding demand for Dubai homes and available source. In 2024, Dubai accepted almost 170,000 brand-new homeowners last year, whilst total housing stock rose by simply over 30,000 units.
Across Dubai, Knight Frank located that some 110,000 estate homes were valued above US$ 1 million as at the start of 2Q2025. Collectively, the homes have an estimated value of US$ 271 billion. Of these, some 37,000 of the units were bought by their owners for lower than $1 million.
A number of the properties belonging to “unintended millionaires” lie in Dubai’s leading 10 high-end neighborhoods, including Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. In particular, Palm Jumeirah saw the highest possible amount of over-US$10 million real estate special offers in 2Q2025, with 28 this kind of deals completed.
Of the 143 Dubai houses sold in 2Q2025, 22 fetched costs surpassing US$ 25 million. Nevertheless, ordinary transaction prices across the market stayed reasonably unmodified compared to the last quarter, says Knight Frank. The firm’s Prime Index for Dubai, which tracks housing rates throughout 10 key luxury communities, balanced AED3,850 psf ($1,339 psf) in 2Q2025.
