Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
Knight Frank also emphasize that among the US$ 10 million Dubai residences that offered last quarter, apartments outpaced villas for the first time ever since 2Q2023, with 80 residences sold, contrasted to 63 villas.
Faisal Durrani, partner and head of research study for Knight Frank MENA, notes a disparity amongst the expanding necessity for Dubai homes and readily available supply. In 2024, Dubai invited virtually 170,000 brand-new residents last year, whilst overall housing supply rose by simply over 30,000 units.
The Dubai residential industry carried on to shatter logs in 2Q2025: Research by Knight Frank shows that 143 Dubai homes valued over US$ 10 million ($12.78 million) were marketed last quarter, rising 52% y-o-y.
According to Knight Frank, the volume of Dubai property owners who have actually become millionaires only due to their estate’s value rising as a result of cost inflation has increased significantly. “The number of unintended millionaires in Dubai has increased by approximately 79.5% over the last three years,” keeps in mind Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
The units offered in 2Q2025 reached to an overall sales value of US$ 2.6 billion. This is 37% greater than the US$ 1.9 billion filed in the first quarter and represents an all-time quarterly sales high, says Knight Frank. It is additionally a 63% spike contrasted to the same period last year.
Throughout Dubai, Knight Frank located that some 110,000 property homes were valued over US$ 1 million as at the start of 2Q2025. Collectively, the homes have an approximated value of US$ 271 billion. Of these, some 37,000 of the units were purchased by their owners for lower than $1 million.
Of the 143 Dubai residences offered in 2Q2025, 22 fetched rates going beyond US$ 25 million. Nevertheless, typical transaction costs across the market continued to be relatively the same compared to the previous quarter, says Knight Frank. The firm’s Prime Index for Dubai, which tracks real estate rates throughout 10 key luxury communities, averaged AED3,850 psf ($1,339 psf) in 2Q2025.
A lot of the properties belonging to “unintentional millionaires” lie in Dubai’s top 10 high-end communities, for instance, Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. Specifically, Palm Jumeirah observed the highest possible number of over-US$10 million estate deals in 2Q2025, with 28 this kind of deals completed.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani emphasize that the present number of readily available homes inside certain price brackets is narrowing rapidly. For instance, homes in the US$ 10 million cost range slipped by 39% last year, from 4,110 to 2,493 units. In the US$ 25 million bracket, the variety of available homes dropped 85% in 2024, from 583 to only 86 units.
