Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
In its most recent Location Dubai report, Knight Frank checked 387 international HNWI throughout the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their desire for investing in United Arab Emirates real estate. Over half of the respondents (52%) suggested they have an interest in buying real property in the UAE.
At the same time, Dubai remains the global’s busiest local market available of homes valued over US$ 10 million, the report states. in 2025, a total of 435 purchases in this bracket were recorded in Dubai, nearly amounting to the number of such deals record in London and New York joined. In Between January and March this year, 111 homes were sold for around US$ 10 million in Dubai.
According to the survey, homes stay the biggest draw for global HNWI as contrasted to the business and retail sections. In addition, Dubai continues to be the top target location, with 71% of respondents labeling Dubai as their chosen emirate.
Knight Frank includes that among the East Asia HNWIs, those in Hong Kong presented the strongest yearning, with 22% of participants indicating the aim to get UAE real estate in 2025.
The stable interest has actually bolstered activity in Dubai’s non commercial market, that logged record residence sales of nearly 170,000 homes in 2024 worth a total of US$ 100 billion, says Knight Frank. That energy has rollovered into this year, with AED100 billion ($35 billion) in home sales already reached as of March 4. Dubai property prices have also continued to rise, surging 19.1% in 2024 to hit approximately AED1,685 psf.
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Saudi Arabia and India HNWIs registered the strongest rate of interest, with 66% and 41% of participants showing an intent to acquire a UAE estate in 2025. For the UK and East Asia HNWIs checked, 17% of each cohort indicated a possible UAE property purchase this year.
“As we have actually found in our research study in former years and mirroring the experience of our teams, the strongest appetite for a realty investment in the UAE comes from those with the most assets and is a testament to the success of the government’s programs to enhance the emirate’s look as a place for the world’s well-off to reside and invest,” states Faisal Durrani, partner and head of research for Knight Frank MENA.
Complying with solid event in 2024, the Dubai realty market is expected to carry on bring in interest from amongst the well-off. According to a study report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) evaluated around the world have actually indicated interest in purchasing a property in Dubai, with an approximated US$ 10.3 billion ($13 billion) in private capital potentially being directed towards the emirate’s housing market.
“The super-rich stay laser-focused on purchasing high-end houses in the city, and this relentless demand has actually been a significant driver of Dubai being the world’s busiest US$ 10 million+ homes market place for the second year running,” says Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
