Dubai homes sold for over US$10 mil hit all-time high in 2Q2025: Knight Frank
The units sold in 2Q2025 amounted to a total sales value of US$ 2.6 billion. This is 37% higher than the US$ 1.9 billion recorded in the very first quarter and stands for an all-time quarterly sales high, claims Knight Frank. It is also a 63% spike contrasted to the same period last year.
Faisal Durrani, associate and head of research study for Knight Frank MENA, monitors a difference involving the expanding interest for Dubai homes and offered source. In 2024, Dubai accepted virtually 170,000 brand-new residents last year, whilst overall real estate supply rose by simply over 30,000 units.
Of the 143 Dubai homes marketed in 2Q2025, 22 fetched costs surpassing US$ 25 million. Nevertheless, average transaction costs throughout the industry stayed relatively the same compared to the last quarter, claims Knight Frank. The firm’s Prime Index for Dubai, which tracks housing rates throughout 10 key luxury communities, balanced AED3,850 psf ($1,339 psf) in 2Q2025.
Knight Frank even feature that among the US$ 10 million Dubai residences that sold last quarter, apartments outpaced villas for the very first time ever since 2Q2023, with 80 houses offered, contrasted to 63 villas.
While over 350,000 homes are targeted for completion in Dubai by the end of 2029, Durrani emphasize that today source of available homes throughout certain price braces is tightening swiftly. As an 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 plunged 85% in 2024, from 583 to just 86 units.
A number of the real estates belonging to “accidental millionaires” rise in Dubai’s top 10 high-end places, such as Palm Jumeirah, Downtown Dubai and Dubai Hills Estate. Specifically, Palm Jumeirah viewed the highest possible number of over-US$10 million real estate special offers in 2Q2025, with 28 such transactions carried out.
According to Knight Frank, the volume of Dubai home owners who have actually come to be millionaires solely as a result of their real property’s worth rising as a result of price inflation has improved significantly. “The number of accidental millionaires in Dubai has increased by approximately 79.5% over the previous three years,” keeps in mind Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa).
The Dubai household industry carried on to shatter reports in 2Q2025: Research by Knight Frank shows that 143 Dubai homes valued over US$ 10 million ($12.78 million) were offered past quarter, rising 52% y-o-y.
Throughout Dubai, Knight Frank found that some 110,000 property homes were worth above US$ 1 million as at the start of 2Q2025. Collectively, the homes have an estimated worth of US$ 271 billion. Of these, some 37,000 of the units were acquired by their owners for lower than $1 million.
