Dubai’s high-end residential market recorded a rise in activity in the third quarter of 2025, with 103 homes sold for more than $10 million, marking a 24 per cent increase compared to Q3 2024, according to new data from global property consultancy Knight Frank.
The growth was led by increased demand in the luxury segment, which registered 17 transactions priced above $25 million. This figure is more than double the number recorded during the same quarter in 2024.
Dubai’s luxury home sales surge
In total, 357 homes in the $10 million-plus category were sold in the first nine months of the year, representing a 26 per cent rise on the 282 transactions seen over the same period in 2024.
Transaction values rose at a faster rate than deal volumes. Total sales for the $10 million-plus segment reached more than $2 billion in Q3 2025, reflecting a 54 per cent year-on-year increase.
The average value of deals also increased, reaching more than $19.4 million, which is a 23.8 per cent rise on Q3 2024.
“The fact that the growth in total transaction values for $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 $10 million-plus homes market, following the 435 deals registered during 2024,” Faisal Durrani, Partner – Head of Research, MENA said.
The highest price recorded in the third quarter was $95.3 million for a seven-bedroom mansion in Asora Bay by Meraas, located in the La Mer community.
“Community living and exclusivity remain a big draw for high-net-worth individuals (HNWIs) 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,” Will McKintosh, Regional Partner – Head of Residential, MENA added.
Knight Frank’s Prime Index, which tracks values across ten key luxury communities in Dubai, recorded an average of AED3,767 per square foot in Q3 2025, reflecting an 8.5 per cent increase compared to Q3 2024, when values stood at AED3,475 per square foot.
Palm Jumeirah accounted for 34 per cent of all prime residential transactions during the quarter, making it the most active area. Jumeirah 2 followed with 17 per cent of all $10 million-plus sales.
“Our analysis shows global HNWI budgets considering a home purchase in Dubai stand at $32 million, topping out at $45.7 million for Saudi nationals. Overall, 15 per cent of HNWI from Saudi, the UK, India, China, Hong Kong and Singapore are prepared to spend upwards of $80 million on a home in the city this year, and there remains a clear gap in the market of uber-luxury housing,” Durrani concluded.
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