Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Saudi Arabia and India HNWIs registered the greatest rate of interest, with 66% and 41% of participants indicating an intention to acquire a UAE property in 2025. For the UK and East Asia HNWIs checked, 17% of each associate indicated a potential UAE real estate investment this year.
At the same time, Dubai stays the industry’s busiest local market for sales of homes valued over US$ 10 million, the report states. in 2025, a total of 435 transactions in this bracket were reported in Dubai, almost equalling the amount of such deals logged in London and New York joined. Between January and March this year, 111 homes were offered for around US$ 10 million in Dubai.
“As we have found in our research study in past years and mirroring the expertise of our teams, the strongest appetite for a realty purchase in the UAE originates from those with the greatest assets and is a testimony to the success of the government’s programmes to enhance the emirate’s appeal as an area for the world’s wealthy to settle and invest in,” claims Faisal Durrani, affiliate and head of research study for Knight Frank MENA.
In its most current Destination Dubai statement, Knight Frank evaluated 387 global HNWI across the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their desire for investing in United Arab Emirates property. Over fifty percent of the participants (52%) showed they have an interest in buying real property in the UAE.
“The super-rich remain laser-focused on buying high-end homes in the city, and this unrelenting need has been a significant factor of Dubai being the globe’s busiest US$ 10 million+ homes market for the second year running,” says Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
Complying with robust action in 2024, the Dubai real estate market is expected to keep on drawing in interest from amongst the well-off. According to a study report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) evaluated around the world have actually indicated interest in purchasing a real property in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital potentially being channelled in the direction of the emirate’s residential market.
The consistent demand has bolstered activity in Dubai’s non commercial market, that logged record residence sales of approximately 170,000 homes last year worth a total of US$ 100 billion, states Knight Frank. That energy has rollovered right into this year, with AED100 billion ($35 billion) in home sales already achieved since March 4. Dubai property values have also kept on to climb, surging 19.1% in 2024 to reach an average of AED1,685 psf.
Knight Frank adds that amongst the East Asia HNWIs, those in Hong Kong displayed the strongest appetite, with 22% of participants indicating the intent to get UAE property in 2025.
According to the report, houses remain the leading draw for worldwide HNWI as compared to the commercial and retail sectors. Additionally, Dubai continues to be the top target location, with 71% of participants calling Dubai as their chosen emirate.
