Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
The Dubai household market continued to shatter reports in 2Q2025: Research by Knight Frank presents that 143 Dubai homes valued over US$ 10 million ($12.78 million) were marketed last quarter, growing 52% y-o-y.
Of the 143 Dubai homes marketed in 2Q2025, 22 fetched prices surpassing US$ 25 million. Nevertheless, ordinary transaction costs across the market stayed fairly the same compared to the last quarter, claims Knight Frank. The firm’s Prime Index for Dubai, which tracks real estate prices across 10 key luxury communities, averaged AED3,850 psf ($1,339 psf) in 2Q2025.
According to Knight Frank, the amount of Dubai house owners that have actually come to be millionaires solely because of their real property’s worth rising because of cost inflation has increased significantly. “The number of accidental millionaires in Dubai has actually increased by an average of 79.5% over the last three years,” keeps in mind Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
A lot of the properties belonging to “unexpected millionaires” lie in Dubai’s top 10 deluxe communities, for instance, Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. In particular, Palm Jumeirah saw the highest possible number of over-US$10 million property deals in 2Q2025, with 28 this kind of deals done.
Faisal Durrani, associate and head of research for Knight Frank MENA, observes a difference among the growing interest for Dubai homes and readily available source. In 2024, Dubai invited nearly 170,000 new locals last year, whilst total housing supply rose by simply over 30,000 units.
The units offered in 2Q2025 amounted to an overall sales value of US$ 2.6 billion. This is 37% greater than the US$ 1.9 billion filed in the 1st quarter and exhibits an all-time quarterly sales high, says Knight Frank. It is also a 63% spike contrasted to the same period in 2024.
Knight Frank additionally emphasize that among the US$ 10 million Dubai residences that offered last quarter, apartments outpaced villas for the first time ever since 2Q2023, with 80 residences marketed, contrasted to 63 villas.
Throughout Dubai, Knight Frank located that several 110,000 property homes were cost over US$ 1 million as at the beginning of 2Q2025. Collectively, the homes have an approximated worth of US$ 271 billion. Of such, some 37,000 of the units were bought by their proprietors for lower than $1 million.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani accentuate that the present supply of available homes within certain price brackets is narrowing quickly. For instance, homes in the US$ 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 readily available homes plummeted 85% in 2024, from 583 to just 86 units.
