Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Saudi Arabia and India HNWIs registered the strongest passion, with 66% and 41% of participants suggesting an intention to purchase a UAE real estate in 2025. For the UK and East Asia HNWIs surveyed, 17% of each cohort indicated a possible UAE property investment this year.
Knight Frank includes that among the East Asia HNWIs, those in Hong Kong showed the strongest appetite, with 22% of participants signalling the intent to get UAE property in 2025.
Complying with robust action in 2024, the Dubai realty industry is expected to keep on bring in interest from among the wealthy. According to a study report by real estate consultancy Knight Frank, high-net-worth individuals (HWNIs) observed worldwide have suggested attraction in purchasing a real property in Dubai, with an estimated US$ 10.3 billion ($13 billion) in private capital most likely being carried in the direction of the emirate’s household market.
At the same time, Dubai remains the world’s busiest market available of homes valued over US$ 10 million, the report states. Last year, a sum of 435 purchases in this bracket were reported in Dubai, just about amounting to the number of such deals registered in London and New York joined. Between January and March this year, 111 residences were sold off for more than US$ 10 million in Dubai.
According to the survey, houses stay the leading draw for international HNWI as compared to the commercial and retail sectors. Additionally, Dubai continues to be the leading target place, with 71% of participants labeling Dubai as their preferred emirate.
In its latest Location Dubai record, Knight Frank evaluated 387 international HNWI across the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to calculate their demand for investing in United Arab Emirates real estate. Over fifty percent of the participants (52%) indicated they want getting property in the UAE.
The stable appeal has actually bolstered activity in Dubai’s housing market, which registered record residential sales of almost 170,000 homes in 2024 worth a total of US$ 100 billion, says Knight Frank. That momentum has actually rollovered right into this year, with AED100 billion ($35 billion) in home sales already achieved since March 4. Dubai property prices have also kept on to increase, rising 19.1% in 2024 to strike approximately AED1,685 psf.
“As we have found in our research study in past years and matching the expertise of our teams, the strongest appetite for a property acquisition in the UAE originates from those with the most assets and is a testament to the success of the government’s programs to enhance the emirate’s appearance as an area for the world’s wealthy to reside and invest,” claims Faisal Durrani, partner and head of research study for Knight Frank MENA.
“The super-rich remain laser-focused on purchasing deluxe properties in the city, and this unrelenting need has been an essential driver of Dubai being the world’s busiest US$ 10 million+ homes market place for the second year running,” states Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
