Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Knight Frank adds that among the East Asia HNWIs, those in Hong Kong presented the highest desire, with 22% of participants signifying the aim to get UAE real estate in 2025.
According to the report, houses continue to be the biggest draw for worldwide HNWI as compared to the industrial and retail segments. In addition, Dubai continues to be the top target location, with 71% of participants identifying Dubai as their chosen emirate.
“As we have actually discovered in our research in previous years and mirroring the experience of our teams, the highest appetite for a real estate acquisition in the UAE comes from those with the most assets and is a testament to the success of the government’s programmes to reinforce the emirate’s look as a place for the entire world’s wealthy to live and invest,” says Faisal Durrani, affiliate and head of research for Knight Frank MENA.
Bloomsbury Residences Media Circle
Following solid activity in 2024, the Dubai realty industry is anticipated to keep on drawing in interest from amongst the wealthy. According to a research study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) evaluated around the world have suggested enthusiasm in buying a real estate in Dubai, with an approximated US$ 10.3 billion ($13 billion) in private capital potentially being channelled in the direction of the emirate’s housing market.
The consistent interest has actually bolstered activity in Dubai’s non commercial market, which registered record housing sales of approximately 170,000 homes in 2024 worth a total of US$ 100 billion, says Knight Frank. That energy has actually carried over into this year, with AED100 billion ($35 billion) in home sales already achieved as of March 4. Dubai real estate fees have also persisted to increase, rising 19.1% in 2024 to hit an average of AED1,685 psf.
Saudi Arabia and India HNWIs registered the strongest passion, with 66% and 41% of respondents showing a purpose to purchase a UAE property in 2025. For the UK and East Asia HNWIs evaluated, 17% of each associate indicated a possible UAE real property acquisition this year.
In its latest Destination Dubai report, Knight Frank surveyed 387 global HNWI across the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to assess their demand for investing in United Arab Emirates property. Over fifty percent of the participants (52%) suggested they have an interest in purchasing real property in the UAE.
“The super-rich continue to be laser-focused on acquiring luxury houses in the city, and this relentless demand has actually been a significant driver of Dubai being the globe’s busiest US$ 10 million+ homes market for the second year running,” states Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
At the same time, Dubai stays the world’s busiest market for sales of homes priced over US$ 10 million, the report states. Last year, a sum of 435 transactions in this bracket were reported in Dubai, just about equalling the quantity of such offers record in London and New York combined. Between January and March this year, 111 houses were sold off for more than US$ 10 million in Dubai.
