RIYADH: Dubai’s luxury residential market hit a record in 2025, with sales of homes priced above $10 million rising 27.7 percent from a year earlier to $9.05 billion, according to Knight Frank.
A total of 500 homes worth more than $10 million changed hands during the year, up from just 30 such deals recorded in 2020. Within that segment, 68 properties were sold for more than $25 million, marking a 45 percent year-on-year increase, the property consultancy said.
The findings underscore Dubai’s growing status as a global hub for high-net-worth individuals, who are increasingly viewing the emirate not just as a part-time business base but as a full-time home.
In November, a separate analysis by Savills found that Dubai topped the rankings as the leading destination for HNWIs globally, surpassing New York and Singapore.
Commenting on the latest report, Faisal Durrani, partner and head of research for the Middle East and North Africa at Knight Frank, said: “Dubai’s meteoric rise as the world’s busiest market for $10 million+ homes, having increased from just 30 sales in 2020 to 500 by the end of 2025, is best reflected in the emirate’s growing reputation as a magnet for the global elite.”
