Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Saudi Arabia and India HNWIs registered the greatest interest, with 66% and 41% of respondents indicating a purpose to purchase a UAE estate in 2025. For the UK and East Asia HNWIs checked, 17% of each associate suggested a prospective UAE real estate investment this year.
“As we have identified in our research in former years and mirroring the experience of our teams, the highest appetite for a realty investment in the UAE originates from those with the largest assets and is a testimony to the success of the government’s programs to enhance the emirate’s look as a place for the world’s wealthy to live and invest,” says Faisal Durrani, associate and head of research study for Knight Frank MENA.
“The super-rich stay laser-focused on buying luxury properties in the city, and this unrelenting need has actually been a vital driver of Dubai being the world’s busiest US$ 10 million+ homes market place for the second year running,” claims Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
One Sophia CEL Development & Singhaiyi Group
At the same time, Dubai stays the global’s busiest local market available of homes marked up over US$ 10 million, the record states. Last year, a total of 435 transactions in this bracket were reported in Dubai, just about equalling the amount of such deals logged in London and New York incorporated. Between January and March this year, 111 houses were offered for around US$ 10 million in Dubai.
In its latest Location Dubai record, Knight Frank surveyed 387 international HNWI throughout the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to calculate their demand for investing in United Arab Emirates realty. Over fifty percent of the participants (52%) showed they want purchasing property in the UAE.
The consistent appeal has actually supported activity in Dubai’s non commercial market, that registered record residential sales of nearly 170,000 homes in 2024 worth a total of US$ 100 billion, claims Knight Frank. That momentum has carried over into this year, with AED100 billion ($35 billion) in home sales already reached as of March 4. Dubai real estate values have also continued to rise, surging 19.1% in 2024 to hit approximately AED1,685 psf.
According to the survey, residential properties stay the biggest draw for worldwide HNWI as compared to the commercial and retail segments. Additionally, Dubai stays the leading target destination, with 71% of participants calling Dubai as their chosen emirate.
Adhering to strong action in 2024, the Dubai realty market is anticipated to carry on attracting demand from among the wealthy. According to a research study report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) observed worldwide have actually indicated enthusiasm in purchasing a property in Dubai, with an approximated US$ 10.3 billion ($13 billion) in private capital possibly being channelled towards the emirate’s housing market.
Knight Frank adds that amongst the East Asia HNWIs, those in Hong Kong presented the highest desire, with 22% of participants indicating the intention to get UAE property in 2025.
