Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
In its latest Destination Dubai report, Knight Frank surveyed 387 international HNWI throughout the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to gauge their demand for investing in United Arab Emirates property. Over fifty percent of the respondents (52%) suggested they have an interest in buying real property in the UAE.
“As we have actually found in our research study in former years and matching the experience of our teams, the strongest appetite for a property purchase in the UAE comes from those with the greatest wealth and is a testament to the success of the government’s programmes to strengthen the emirate’s appearance as a location for the entire world’s rich to live and invest in,” says Faisal Durrani, affiliate and head of research for Knight Frank MENA.
According to the survey, residential properties remain the leading draw for worldwide HNWI as contrasted to the business and retail sections. Furthermore, Dubai continues to be the leading target destination, with 71% of respondents calling Dubai as their preferred emirate.
Saudi Arabia and India HNWIs recorded the best interest, with 66% and 41% of participants suggesting a purpose to acquire a UAE property in 2025. For the UK and East Asia HNWIs surveyed, 17% of each associate indicated a possible UAE real property investment this year.
At the same time, Dubai stays the world’s busiest local market available of homes valued over US$ 10 million, the record states. in 2025, a sum of 435 deals in this bracket were recorded in Dubai, almost amounting to the quantity of such deals record in London and New York combined. In Between January and March this year, 111 homes were sold for more than US$ 10 million in Dubai.
Knight Frank includes that amongst the East Asia HNWIs, those in Hong Kong showed the strongest appetite, with 22% of respondents indicating the intent to get UAE estate in 2025.
The stable appeal has actually supported activity in Dubai’s residential market, which registered record residence sales of nearly 170,000 homes in 2024 worth a total of US$ 100 billion, states Knight Frank. That momentum has actually carried over right into this year, with AED100 billion ($35 billion) in home sales already achieved as of March 4. Dubai property values have also kept on to climb, rising 19.1% in 2024 to strike an average of AED1,685 psf.
Complying with robust activity in 2024, the Dubai realty market is anticipated to carry on attracting interest from amongst the well-off. According to a study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) surveyed globally have actually indicated attraction in buying a real property in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital possibly being directed towards the emirate’s non commercial market.
“The super-rich stay laser-focused on acquiring deluxe houses in the city, and this unrelenting need has been an essential driver of Dubai being the world’s busiest US$ 10 million+ homes market place for the 2nd year running,” says Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
