Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Complying with robust activity in 2024, the Dubai realty market is expected to keep on attracting demand from among the wealthy. According to a study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) evaluated worldwide have actually shown attraction in acquiring a real property in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital possibly being channelled in the direction of the emirate’s household market.
In its most recent Destination Dubai record, Knight Frank checked 387 worldwide HNWI across the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to calculate their desire for investing in United Arab Emirates realty. Over half of the participants (52%) showed they want acquiring real estate in the UAE.
“As we have identified in our research in former years and mirroring the experience of our teams, the highest appetite for a real estate acquisition in the UAE comes from those with the largest wealth and is a testimony to the success of the government’s programmes to strengthen the emirate’s appearance as a location for the world’s rich to settle and invest,” says Faisal Durrani, associate and head of research study for Knight Frank MENA.
At the same time, Dubai stays the industry’s busiest local market for sales of homes marked up over US$ 10 million, the report states. in 2025, a sum of 435 deals in this bracket were reported in Dubai, almost equating to the quantity of such deals record in London and New York incorporated. In Between January and March this year, 111 homes were offered for more than US$ 10 million in Dubai.
Knight Frank includes that among the East Asia HNWIs, those in Hong Kong presented the highest appetite, with 22% of respondents signalling the intent to get UAE real estate in 2025.
Saudi Arabia and India HNWIs recorded the strongest rate of interest, with 66% and 41% of participants showing a purpose to acquire a UAE estate in 2025. For the UK and East Asia HNWIs checked, 17% of each associate showed a potential UAE property acquisition this year.
“The super-rich remain laser-focused on buying luxury properties in the city, and this relentless demand has actually been a vital driver of Dubai being the world’s busiest US$ 10 million+ homes market place for the second year running,” says Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
According to the report, houses stay the biggest draw for global HNWI as compared to the commercial and retail sectors. In addition, Dubai remains the top target location, with 71% of respondents identifying Dubai as their favored emirate.
The consistent demand has bolstered activity in Dubai’s housing market, that registered record residence sales of approximately 170,000 homes last year worth a total of US$ 100 billion, states Knight Frank. That momentum has rollovered right into this year, with AED100 billion ($35 billion) in home sales already achieved since March 4. Dubai property values have also continued to increase, rising 19.1% in 2024 to hit approximately AED1,685 psf.
