Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
Across Dubai, Knight Frank found that several 110,000 freehold homes were cost over US$ 1 million as at the start of 2Q2025. Collectively, the homes have an estimated worth of US$ 271 billion. Of such, some 37,000 of the units were acquired by their proprietors for lower than $1 million.
The units offered in 2Q2025 amounted to a total sales value of US$ 2.6 billion. This is 37% greater than the US$ 1.9 billion filed in the first quarter and stands for an all-time quarterly sales high, states Knight Frank. It is also a 63% spike compared to the similar period in 2024.
Knight Frank even emphasize that among the US$ 10 million Dubai residences that offered last quarter, apartments outpaced villas for the first time since 2Q2023, with 80 apartments offered, compared to 63 villas.
Springleaf Residence Guocoland & Hong Leong Group
Of the 143 Dubai residences marketed in 2Q2025, 22 fetched costs surpassing US$ 25 million. Still, average transaction prices throughout the industry remained fairly unmodified contrasted to the last quarter, says Knight Frank. The firm’s Prime Index for Dubai, that tracks housing rates throughout 10 key luxury communities, balanced AED3,850 psf ($1,339 psf) in 2Q2025.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani emphasize that the present supply of available homes throughout certain price braces is tightening swiftly. As an example, houses in the US$ 10 million cost range slipped by 39% last year, from 4,110 to 2,493 units. In the US$ 25 million bracket, the number of readily available homes plunged 85% in 2024, from 583 to only 86 units.
Faisal Durrani, associate and head of research study for Knight Frank MENA, observes a difference amongst the expanding demand for Dubai homes and available stock. In 2024, Dubai invited nearly 170,000 new homeowners last year, while overall housing stock climbed by simply over 30,000 units.
Many of the properties belonging to “accidental millionaires” lie in Dubai’s top 10 luxury neighborhoods, including Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. In particular, Palm Jumeirah observed the highest number of over-US$10 million property special offers in 2Q2025, with 28 this kind of transactions completed.
The Dubai non commercial market proceeded to shatter reports in 2Q2025: Research by Knight Frank shows that 143 Dubai homes marked up over US$ 10 million ($12.78 million) were offered past quarter, surging 52% y-o-y.
According to Knight Frank, the amount of Dubai home owners who have actually become millionaires only as a result of their real estate’s worth raising as a result of rate inflation has improved significantly. “The amount of unexpected millionaires in Dubai has actually increased by approximately 79.5% over the past three years,” notes Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
