Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
A lot of the houses belonging to “unexpected millionaires” are located in Dubai’s top 10 deluxe areas, for instance, Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. Specifically, Palm Jumeirah observed the greatest amount of over-US$10 million estate deals in 2Q2025, with 28 this kind of purchases carried out.
The units offered in 2Q2025 amounted to an overall sales value of US$ 2.6 billion. This is 37% greater than the US$ 1.9 billion filed in the very first quarter and exhibits an all-time quarterly sales high, says Knight Frank. It is additionally a 63% spike compared to the same period in 2024.
Of the 143 Dubai homes sold in 2Q2025, 22 fetched rates surpassing US$ 25 million. Nevertheless, ordinary transaction prices across the industry continued to be fairly unchanged contrasted to the last quarter, states Knight Frank. The firm’s Prime Index for Dubai, which tracks real estate costs throughout 10 key luxury communities, averaged AED3,850 psf ($1,339 psf) in 2Q2025.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani accentuate that the present supply of offered homes within certain price braces is narrowing rapidly. For instance, houses in the US$ 10 million rate tier fell by 39% last year, from 4,110 to 2,493 units. In the US$ 25 million bracket, the variety of available homes plummeted 85% in 2024, from 583 to only 86 units.
According to Knight Frank, the volume of Dubai home owners who have ended up being millionaires entirely due to their property’s worth rising because of cost inflation has increased significantly. “The amount of unexpected millionaires in Dubai has increased by approximately 79.5% over the last 3 years,” keeps in mind Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
Faisal Durrani, associate and head of analysis for Knight Frank MENA, observes a disparity among the growing demand for Dubai homes and offered source. In 2024, Dubai invited nearly 170,000 brand-new homeowners last year, while overall real estate supply increased by just over 30,000 units.
The Dubai household industry carried on to smash records in 2Q2025: Research by Knight Frank presents that 143 Dubai homes marked up over US$ 10 million ($12.78 million) were offered last quarter, surging 52% y-o-y.
Knight Frank even highlights that among the US$ 10 million Dubai residences that marketed last quarter, apartments outpaced villas for the first time ever since 2Q2023, with 80 apartments sold, contrasted to 63 villas.
Throughout Dubai, Knight Frank found that some 110,000 freehold homes were cost above US$ 1 million as at the start of 2Q2025. Collectively, the homes have an estimated value of US$ 271 billion. Of such, some 37,000 of the units were bought by their proprietors for lower than $1 million.
