Dubai’s Luxury Property Sales Continue a Record-Setting Streak

Sales of homes priced above AED 10 million hit 3,731 units in the first half of the year, marking a 62.7% year-on-year jump, with Q2 alone accounting for 2,388 such deals. Ultra-prime transactions—once a rarity—now make up over 4% of total market volume, compared to just 1.1% in 2020. Dubai has also cemented its position as a global leader in trophy home sales, with 435 properties over US $10 million sold last year, outpacing New York, London, and Hong Kong.

A Market on Fire

Dubai’s luxury real estate market is showing no signs of cooling—in fact, it’s on a historic run. In the second quarter of 2025, luxury property transactions surged past AED 25 billion, setting a new quarterly record for the sector. Sales of homes priced above AED 10 million hit 3,731 units in the first half of the year, marking a 62.7% year-on-year jump, with Q2 alone accounting for 2,388 such deals.

Ultra-prime transactions—once a rarity—now make up over 4% of total market volume, compared to just 1.1% in 2020. Dubai has also cemented its position as a global leader in trophy home sales, with 435 properties over US $10 million sold last year, outpacing New York, London, and Hong Kong.

The Global Capital Magnet

Several factors are fueling this surge. International capital continues to pour in, with high-net-worth investors from India, Saudi Arabia, the UK, and East Asia collectively channeling more than US $10.3 billion into Dubai’s residential market.

 Demand is further intensified by a sharp drop in available inventory—listings in prime communities have fallen by over 50%, and ultra-prime properties above US $10 million are down by 65%.

The result has been accelerated price growth, with luxury home values climbing 147% between 2019 and 2024, placing Dubai among the top performers in Knight Frank’s Prime International Residential Index.

Developers and Districts Driving the Boom

The market’s momentum is evident in broader real estate figures. Total property transactions in the first half of 2025 reached an unprecedented $117 billion, while developers are reaping the rewards. Emaar Properties, the city’s largest developer, reported a 33% rise in first-half net profit to AED 7.08 billion, driven by a 46% jump in property sales.

Neighbourhoods like Palm Jumeirah, Emirates Hills, Downtown Dubai, and Dubai Hills Estate remain the epicenters of this boom, with record-breaking individual deals such as a AED 425 million villa in Emirates Hills and a AED 300 million beachfront residence on Palm Jumeirah.

Why the World Chooses Dubai

Dubai’s appeal to global investors is anchored in more than just returns. Long-term residency programs like the Golden Visa, zero income tax, full foreign ownership rights, and political stability make it a safe haven for wealth.

The city’s world-class infrastructure, high safety standards, and luxury lifestyle offerings further enhance its pull, encouraging buyers to view purchases not just as investments, but as part of their legacy. As luxury inventory tightens and demand remains high, industry analysts see no immediate signs of a slowdown.

The Outlook: More Than Just a Cycle

The city’s record-breaking streak is not merely a market cycle—it’s the result of strategic planning, policy incentives, and sustained investor confidence. With economic diversification efforts in full swing and global wealth continuing to find a home on its shores, Dubai looks set to remain the world’s most dynamic luxury real estate stage for years to come.