Dubai remains top market for homes transacted for over US$10 mil: Knight Frank

According to the study, residential properties stay the biggest draw for global HNWI as contrasted to the industrial and retail sectors. Furthermore, Dubai remains the leading target location, with 71% of respondents labeling Dubai as their liked emirate.

In its most current Destination Dubai statement, Knight Frank checked 387 worldwide HNWI across the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to gauge their desire for investing in United Arab Emirates property. Over fifty percent of the respondents (52%) indicated they want acquiring real estate in the UAE.

“The super-rich stay laser-focused on purchasing luxury houses in the city, and this relentless interest has actually been an essential factor of Dubai being the globe’s busiest US$ 10 million+ homes market for the second year running,” states Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).

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The consistent demand has actually supported activity in Dubai’s non commercial market, which logged record residential sales of approximately 170,000 homes in 2024 worth a total of US$ 100 billion, claims Knight Frank. That energy has carried over right into this year, with AED100 billion ($35 billion) in home sales already achieved as of March 4. Dubai property fees have also continued to rise, surging 19.1% in 2024 to hit approximately AED1,685 psf.

At the same time, Dubai remains the global’s busiest market up for sale of homes valued over US$ 10 million, the report states. in 2025, a total of 435 purchases in this bracket were reported in Dubai, almost amounting to the number of such offers record in London and New York combined. In Between January and March this year, 111 houses were offered for more than US$ 10 million in Dubai.

Knight Frank includes that amongst the East Asia HNWIs, those in Hong Kong presented the greatest desire, with 22% of participants indicating the aim to purchase UAE property in 2025.

Saudi Arabia and India HNWIs registered the strongest interest, with 66% and 41% of respondents indicating an intention to buy a UAE property in 2025. For the UK and East Asia HNWIs evaluated, 17% of each associate indicated a possible UAE property investment this year.

“As we have found in our research study in former years and matching the expertise of our teams, the highest appetite for a property purchase in the UAE comes from those with the greatest wealth and is a testament to the success of the government’s programs to enhance the emirate’s look as an area for the entire world’s well-off to reside and invest in,” states Faisal Durrani, partner and head of research study for Knight Frank MENA.

Adhering to solid action in 2024, the Dubai real estate market is expected 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) observed around the world have shown enthusiasm in buying a property in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital possibly being channelled in the direction of the emirate’s residential market.