Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
The units marketed in 2Q2025 amounted to a complete sales value of US$ 2.6 billion. This is 37% greater than the US$ 1.9 billion filed in the very first quarter and stands for an all-time quarterly sales high, says Knight Frank. It is likewise a 63% spike contrasted to the similar period last year.
Across Dubai, Knight Frank found that some 110,000 freehold homes were cost over US$ 1 million as at the beginning of 2Q2025. Collectively, the homes have an estimated worth of US$ 271 billion. Of these, some 37,000 of the units were purchased by their owners for less than $1 million.
Many of the real estates belonging to “unintended millionaires” lie in Dubai’s top 10 deluxe neighborhoods, including Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. In particular, Palm Jumeirah viewed the greatest number of over-US$10 million estate special offers in 2Q2025, with 28 this kind of transactions carried out.
Of the 143 Dubai residences marketed in 2Q2025, 22 fetched rates surpassing US$ 25 million. Nevertheless, typical transaction prices across the market remained fairly unmodified contrasted to the last quarter, claims Knight Frank. The firm’s Prime Index for Dubai, which tracks real estate costs across 10 key luxury communities, averaged AED3,850 psf ($1,339 psf) in 2Q2025.
The Dubai housing market proceeded to shatter reports in 2Q2025: Research by Knight Frank proves that 143 Dubai homes priced over US$ 10 million ($12.78 million) were sold last quarter, surging 52% y-o-y.
Faisal Durrani, partner and head of research study for Knight Frank MENA, observes a variation among the expanding interest for Dubai homes and readily available supply. In 2024, Dubai invited almost 170,000 new homeowners last year, while complete real estate stock rose by simply over 30,000 units.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani accentuate that the present number of available homes throughout certain price braces is narrowing rapidly. For example, homes in the US$ 10 million cost tier fell by 39% last year, from 4,110 to 2,493 units. In the US$ 25 million bracket, the variety of readily available homes dropped 85% in 2024, from 583 to just 86 units.
According to Knight Frank, the volume of Dubai house owners that have ended up being millionaires exclusively as a result of their estate’s value rising because of price inflation has increased significantly. “The amount of accidental millionaires in Dubai has actually increased by approximately 79.5% over the previous 3 years,” keeps in mind Shehzad Jamal, associate for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
Knight Frank additionally highlights that amongst the US$ 10 million Dubai residences that sold last quarter, apartments outpaced villas for the very first time since 2Q2023, with 80 apartments offered, compared to 63 villas.
