Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
Knight Frank even emphasize that among the US$ 10 million Dubai residences that marketed last quarter, apartments outpaced villas for the first time ever since 2Q2023, with 80 apartments offered, contrasted to 63 villas.
Across Dubai, Knight Frank found that several 110,000 freehold homes were worth over US$ 1 million as at the beginning of 2Q2025. Collectively, the homes have an estimated value of US$ 271 billion. Of such, some 37,000 of the units were purchased by their owners for less than $1 million.
Of the 143 Dubai houses marketed in 2Q2025, 22 brought costs going beyond US$ 25 million. Nonetheless, average transaction costs throughout the market stayed reasonably unmodified compared to the previous quarter, says Knight Frank. The firm’s Prime Index for Dubai, which tracks real estate costs throughout 10 key luxury communities, balanced AED3,850 psf ($1,339 psf) in 2Q2025.
According to Knight Frank, the volume of Dubai house owners who have actually come to be millionaires solely because of their real estate’s worth raising as a result of cost inflation has increased significantly. “The number of unintended millionaires in Dubai has increased by approximately 79.5% over the previous three years,” keeps in mind Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
The Dubai residential industry continued to shatter reports in 2Q2025: Research by Knight Frank shows that 143 Dubai homes marked up over US$ 10 million ($12.78 million) were marketed last quarter, surging 52% y-o-y.
Faisal Durrani, partner and head of analysis for Knight Frank MENA, monitors a disparity amongst the growing demand for Dubai homes and readily available stock. In 2024, Dubai welcomed nearly 170,000 brand-new residents last year, while complete real estate stock rose by simply over 30,000 units.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani accentuate that the present source of offered homes throughout certain price brackets is narrowing quickly. As an example, houses in the US$ 10 million cost tier fell by 39% last year, from 4,110 to 2,493 units. In the US$ 25 million bracket, the number of offered homes plummeted 85% in 2024, from 583 to just 86 units.
A number of the residences belonging to “unexpected millionaires” are located in Dubai’s leading 10 high-end places, for instance, Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. In particular, Palm Jumeirah saw the greatest number of over-US$10 million real estate deals in 2Q2025, with 28 such deals carried out.
The units sold in 2Q2025 amounted to a total sales value of US$ 2.6 billion. This is 37% greater than the US$ 1.9 billion recorded in the very first quarter and represents an all-time quarterly sales high, states Knight Frank. It is also a 63% spike contrasted to the similar period in 2024.
