Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
According to the report, houses continue to be the biggest draw for international HNWI as contrasted to the business and retail segments. Additionally, Dubai stays the top target place, with 71% of participants labeling Dubai as their favored emirate.
The steady appeal has actually supported activity in Dubai’s non commercial market, that registered record residential sales of almost 170,000 homes in 2024 worth a total of US$ 100 billion, says Knight Frank. That momentum has actually carried over right into this year, with AED100 billion ($35 billion) in home sales already achieved as of March 4. Dubai property values have also continued to increase, surging 19.1% in 2024 to strike approximately AED1,685 psf.
“The super-rich stay laser-focused on purchasing high-end properties in the city, and this relentless demand has actually been an essential factor of Dubai being the globe’s busiest US$ 10 million+ homes market for the second year running,” says Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
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Saudi Arabia and India HNWIs recorded the strongest interest, with 66% and 41% of respondents indicating an intent to acquire a UAE real estate in 2025. For the UK and East Asia HNWIs checked, 17% of each associate indicated a potential UAE real property acquisition this year.
Knight Frank includes that amongst the East Asia HNWIs, those in Hong Kong displayed the strongest yearning, with 22% of participants signalling the intent to buy UAE property in 2025.
In its newest Destination Dubai report, Knight Frank surveyed 387 international HNWI throughout the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their demand for investing in United Arab Emirates realty. Over fifty percent of the respondents (52%) suggested they want acquiring real property in the UAE.
“As we have discovered in our research in former years and matching the experience of our teams, the strongest appetite for a property purchase in the UAE comes from those with the most assets and is a testament to the success of the government’s programmes to strengthen the emirate’s appearance as a location for the world’s well-off to settle and invest in,” claims Faisal Durrani, associate and head of research study for Knight Frank MENA.
Complying with solid action in 2024, the Dubai realty market is anticipated to keep on attracting interest from among the well-off. According to a research study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) surveyed worldwide have shown attraction in buying a real estate in Dubai, with an approximated US$ 10.3 billion ($13 billion) in private capital potentially being channelled towards the emirate’s household market.
At the same time, Dubai remains the world’s busiest market up for sale of homes marked up over US$ 10 million, the record states. in 2025, a total of 435 deals in this bracket were reported in Dubai, just about equating to the number of such offers logged in London and New York joined. In Between January and March this year, 111 homes were sold off for around US$ 10 million in Dubai.
