Dubai, UAE — Dubai’s luxury real estate market continued its record-setting momentum in the third quarter of 2025, with 103 homes priced above $10 million sold between July and September — a 24% increase compared to Q3 2024, according to the latest data from global consultancy Knight Frank.
The emirate’s ultra-luxury segment also recorded 17 sales exceeding $25 million, more than double the number logged a year earlier. The total transaction value in the $10 million-plus category surged 54% year-on-year, reaching $2 billion in Q3, underscoring sustained global appetite for Dubai’s prime residential assets.
Record-Breaking Momentum in Ultra-Luxury Segment
Between January and September 2025, Dubai registered 357 sales of homes above $10 million — a 26% rise from the 282 recorded during the same period in 2024. This surge reflects continued demand from global high-net-worth individuals (HNWIs) and the city’s entrenched position as one of the world’s safest and most attractive luxury investment destinations.
Also read: Dubai Real Estate Market Hits Record AED170.7 Billion in Q3
“The fact that the growth in total transaction values for US$ 10 million homes is rising faster than the number of deals is a stark indication of how fast prices are rising in this exclusive segment of the market. Dubai’s luxury market has cemented its status as a safe haven for international and local buyers. It looks set to be another record-breaking year for the US$ 10 million-plus homes market, following the 435 deals registered during 2024,” said Faisal Durrani, Partner – Head of Research, MENA at Knight Frank.
The average deal value in this segment rose to $19.4 million, up 23.8% year-on-year, highlighting the scale of appreciation at the top end of the market.
La Mer Mansion Tops Sales; Community Living Drives Demand
The most expensive sale in the third quarter was a seven-bedroom mansion in Asora Bay by Meraas, located in Dubai’s La Mer community, which fetched $95.3 million.
Also read: Dubai, Abu Dhabi Real Estate Markets Hit Record Q3 Highs
“Community living and exclusivity remain a big draw for high-net-worth individuals looking to purchase in Dubai. La Mer exemplifies this with its combination of wellness-focused beachfront living, extensive amenities and proximity to prime retail and leisure destinations. Destination communities like La Mer place a strong emphasis on lifestyle and world-class amenities, which strikes a chord with domestic and international buyers,” said Will McKintosh, Regional Partner – Head of Residential, MENA, at Knight Frank.
Knight Frank’s Dubai Prime Index, tracking values across 10 luxury communities, averaged AED 3,767 per square foot in Q3, up 8.5% from AED 3,475 psf a year earlier. Palm Jumeirah remained the most active market, accounting for 34% of all $10 million-plus deals, followed by Jumeirah 2, with 17%.
HNWI Appetite Strengthens Across Global and Regional Markets
Durrani noted that global HNWI budgets for homes in Dubai now average $32 million, with Saudi nationals leading the pack with budgets averaging $45.7 million. “Overall, 15% of HNWI from Saudi, the UK, India, China, Hong Kong and Singapore are prepared to spend upwards of US$ 80 million on a home in the city this year, and there remains a clear gap in the market of uber-luxury housing,” he added.
This ongoing appetite for high-value real estate suggests further headroom for appreciation, particularly in waterfront and branded residential developments.
Perspective for Indian Investors
For Indian investors, Dubai’s luxury real estate market offers dual advantages — capital preservation through a stable dollar-linked asset and strong long-term yield potential from luxury rentals.
With no property tax, easier repatriation policies, and growing rupee-dirham stability, affluent Indian families are increasingly acquiring Dubai properties as part of their global wealth diversification strategy. Prime neighborhoods like Palm Jumeirah, La Mer, and Jumeirah Islands have become top picks among Indian buyers seeking lifestyle-driven investments that combine luxury, privacy, and international-grade amenities.
As Knight Frank’s findings indicate, India ranks among the top five source markets for ultra-luxury real estate demand in Dubai — a trend expected to strengthen as cross-border capital flows between the UAE and India continue to deepen.
Dubai’s $10 Million-Plus Market Set for Another Record Year
The momentum of Dubai’s luxury property market — driven by international wealth migration, lifestyle appeal, and limited supply of waterfront assets — points toward another record-breaking year.
With luxury developments such as Palm Jumeirah, La Mer, and Jumeirah Bay Island leading the charge, Dubai continues to outperform global peers in high-end real estate investment — consolidating its position as a safe haven for global capital and a magnet for ultra-high-net-worth individuals.
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