Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Knight Frank includes that among the East Asia HNWIs, those in Hong Kong displayed the highest desire, with 22% of respondents signifying the intention to purchase UAE property in 2025.
In its latest Destination Dubai statement, Knight Frank evaluated 387 worldwide HNWI across the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their yearning for investing in United Arab Emirates property. Over fifty percent of the respondents (52%) indicated they want getting property in the UAE.
At the same time, Dubai remains the industry’s busiest local market for sales of homes valued over US$ 10 million, the report states. in 2025, a total of 435 purchases in this bracket were recorded in Dubai, just about equating to the number of such deals registered in London and New York joined. In Between January and March this year, 111 houses were sold for over US$ 10 million in Dubai.
The consistent interest has actually boosted activity in Dubai’s residential market, that registered record housing sales of approximately 170,000 homes in 2024 worth a total of US$ 100 billion, states Knight Frank. That energy has actually rollovered right into this year, with AED100 billion ($35 billion) in home sales already achieved since March 4. Dubai property prices have also kept on to climb, surging 19.1% in 2024 to strike approximately AED1,685 psf.
Complying with solid event in 2024, the Dubai property industry is anticipated to continue bring in interest from among the well-off. According to a study report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) observed worldwide have actually suggested attraction in buying a property in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital potentially being directed towards the emirate’s residential market.
“As we have discovered in our research study in former years and matching the expertise of our teams, the highest appetite for a realty investment in the UAE originates from those with the greatest wealth and is a testimony to the success of the government’s programs to reinforce the emirate’s appeal as a place for the entire world’s well-off to reside and invest,” states Faisal Durrani, affiliate and head of research for Knight Frank MENA.
Saudi Arabia and India HNWIs registered the best rate of interest, with 66% and 41% of respondents suggesting a purpose to buy a UAE estate in 2025. For the UK and East Asia HNWIs evaluated, 17% of each cohort showed a prospective UAE property purchase this year.
“The super-rich continue to be laser-focused on buying luxury houses in the city, and this unrelenting demand has actually been a critical driver of Dubai being the world’s busiest US$ 10 million+ homes market for the second year running,” states Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
According to the report, houses continue to be the biggest draw for international HNWI as contrasted to the industrial and retail sections. Additionally, Dubai stays the leading target place, with 71% of respondents identifying Dubai as their favored emirate.
