Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
The stable interest has bolstered activity in Dubai’s housing market, which logged record residential sales of nearly 170,000 homes last year worth a total of US$ 100 billion, states Knight Frank. That momentum has rollovered into this year, with AED100 billion ($35 billion) in home sales already reached as of March 4. Dubai real estate values have also kept on to climb, rising 19.1% in 2024 to strike approximately AED1,685 psf.
Saudi Arabia and India HNWIs registered the best rate of interest, with 66% and 41% of participants suggesting a purpose to acquire a UAE property in 2025. For the UK and East Asia HNWIs surveyed, 17% of each cohort showed a prospective UAE property purchase this year.
“As we have actually discovered in our research in former years and mirroring the experience of our teams, the highest appetite for a realty purchase in the UAE originates from those with the most assets and is a testament to the success of the government’s programmes to enhance the emirate’s appeal as a location for the entire world’s affluent to live and invest in,” states Faisal Durrani, affiliate and head of research study for Knight Frank MENA.
According to the survey, residential properties remain the major draw for worldwide HNWI as contrasted to the business and retail sectors. In addition, Dubai stays the top target place, with 71% of participants labeling Dubai as their favored emirate.
Following solid action in 2024, the Dubai real estate market is anticipated to carry on drawing in interest from amongst the well-off. According to a study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) observed globally have actually shown interest in purchasing a real estate in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital potentially being channelled towards the emirate’s housing market.
Knight Frank includes that amongst the East Asia HNWIs, those in Hong Kong showed the strongest appetite, with 22% of respondents signalling the intent to buy UAE estate in 2025.
At the same time, Dubai stays the world’s busiest local market available of homes priced over US$ 10 million, the record states. in 2025, a sum of 435 deals in this bracket were reported in Dubai, just about amounting to the amount of such offers record in London and New York joined. Between January and March this year, 111 houses were offered for more than US$ 10 million in Dubai.
“The super-rich remain laser-focused on purchasing high-end houses in the city, and this unrelenting need 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, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
In its most current Location Dubai record, Knight Frank surveyed 387 global HNWI throughout the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their yearning for investing in United Arab Emirates real estate. Over fifty percent of the participants (52%) suggested they are interested in purchasing real property in the UAE.
