Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
Knight Frank also highlights that amongst the US$ 10 million Dubai residences that sold last quarter, apartments outpaced villas for the first time since 2Q2023, with 80 houses marketed, contrasted to 63 villas.
The Dubai housing market carried on to shatter records in 2Q2025: Research by Knight Frank presents that 143 Dubai homes priced over US$ 10 million ($12.78 million) were offered past quarter, growing 52% y-o-y.
A lot of the real estates belonging to “unexpected millionaires” lie in Dubai’s leading 10 deluxe places, like Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. Particularly, Palm Jumeirah saw the highest possible amount of over-US$10 million real estate special offers in 2Q2025, with 28 such transactions completed.
According to Knight Frank, the number of Dubai homeowners that have come to be millionaires solely as a result of their property’s worth increasing as a result of price inflation has improved significantly. “The amount of accidental millionaires in Dubai has increased by approximately 79.5% over the past 3 years,” notes Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
Grand Dunman Singhaiyi Group Ltd
The units marketed in 2Q2025 amounted to a complete sales value of US$ 2.6 billion. This is 37% higher than the US$ 1.9 billion filed in the very first quarter and represents an all-time quarterly sales high, says Knight Frank. It is also a 63% spike compared to the similar period last year.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani accentuate that the present source of offered homes within certain price braces is tightening rapidly. As an example, homes in the US$ 10 million cost tier dropped by 39% last year, from 4,110 to 2,493 units. In the US$ 25 million bracket, the variety of readily available homes plunged 85% in 2024, from 583 to just 86 units.
Across Dubai, Knight Frank discovered that some 110,000 estate homes were valued over US$ 1 million as at the start of 2Q2025. Collectively, the homes have an approximated value of US$ 271 billion. Of these, some 37,000 of the units were bought by their proprietors for lower than $1 million.
Faisal Durrani, associate and head of research for Knight Frank MENA, monitors a variation between the growing interest for Dubai homes and readily available supply. In 2024, Dubai invited almost 170,000 brand-new locals last year, whilst overall housing supply rose by simply over 30,000 units.
Of the 143 Dubai houses offered in 2Q2025, 22 brought prices surpassing US$ 25 million. Nevertheless, typical transaction rates throughout the industry continued to be fairly unmodified contrasted to the last quarter, says Knight Frank. The firm’s Prime Index for Dubai, that tracks housing costs across 10 key luxury communities, balanced AED3,850 psf ($1,339 psf) in 2Q2025.
