Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Knight Frank includes that amongst the East Asia HNWIs, those in Hong Kong showed the greatest desire, with 22% of participants signifying the intention to get UAE estate in 2025.
According to the survey, homes remain the major draw for worldwide HNWI as contrasted to the industrial and retail segments. In addition, Dubai continues to be the leading target location, with 71% of respondents naming Dubai as their preferred emirate.
The stable demand has boosted activity in Dubai’s non commercial market, that logged record residence sales of almost 170,000 homes last year worth a total of US$ 100 billion, claims Knight Frank. That momentum has actually carried over into this year, with AED100 billion ($35 billion) in home sales already achieved as of March 4. Dubai property prices have also persisted to climb, rising 19.1% in 2024 to hit approximately AED1,685 psf.
“The super-rich stay laser-focused on buying luxury homes in the city, and this relentless interest has been an essential driver of Dubai being the globe’s busiest US$ 10 million+ homes market place for the 2nd year running,” claims Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
In its most recent Location Dubai report, Knight Frank checked 387 worldwide HNWI around the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their appetite for investing in United Arab Emirates property. Over fifty percent of the participants (52%) indicated they have an interest in buying real property in the UAE.
“As we have found in our research in former years and matching the expertise of our teams, the strongest appetite for a property acquisition in the UAE originates from those with the largest wealth and is a testament to the success of the government’s programs to enhance the emirate’s appearance as an area for the entire world’s wealthy to settle and invest in,” states Faisal Durrani, associate and head of research study for Knight Frank MENA.
At the same time, Dubai stays the world’s busiest market available of homes priced over US$ 10 million, the record states. in 2025, a sum of 435 deals in this bracket were documented in Dubai, just about amounting to the amount of such deals logged in London and New York incorporated. In Between January and March this year, 111 residences were reselled for more than US$ 10 million in Dubai.
Saudi Arabia and India HNWIs recorded the greatest passion, with 66% and 41% of participants indicating an intention to acquire a UAE property in 2025. For the UK and East Asia HNWIs surveyed, 17% of each associate showed a possible UAE property purchase this year.
Complying with strong event in 2024, the Dubai real estate industry is anticipated to continue drawing in interest from amongst the well-off. According to a research report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) evaluated worldwide have indicated interest in purchasing a real property in Dubai, with an approximated US$ 10.3 billion ($13 billion) in private capital possibly being channelled towards the emirate’s residential market.
