Dubai real estate: $4.1m luxury homes drive 737 sales in Q3 as wealthy eye Palm Jumeirah and Dubai Hills

The figure reflects what analysts describe as a “natural recalibration” after the city’s record-breaking performance earlier in the year — signalling a shift from hypergrowth to steady, sustainable expansion.

Of the 737 high-end deals recorded, 492 were secondary sales and 245 were off-plan transactions, underscoring continued buyer confidence in Dubai’s long-term fundamentals and supply pipeline.

Luxury real estate sales in Dubai

While secondary market transactions declined from the record peak of 1,153 in Q2, volumes remain well above the city’s long-term average, indicating that the slowdown marks maturity rather than weakness in the top-end segment.

Louis Harding, CEO of Betterhomes, said: “Dubai’s luxury real estate market is transitioning from hypergrowth to healthy stabilisation. After two years of record-setting activity, what we’re seeing now is a recalibration.

“Prices remain strong, demand from international buyers is steady, and quality continues to drive decisions at the top end of the market. This is the sign of a confident, enduring market, not a cooling one.”

Top-performing areas

Among the standout luxury communities for secondary sales, The Oasis, Dubai Hills Estate, Palm Jumeirah, Mohammed Bin Rashid City, and Nad Al Sheba led the market.

In the off-plan category, Jumeirah, Palm Jumeirah, Downtown Dubai, Mohammed Bin Rashid City, and Business Bay recorded the highest number of transactions.

Although off-plan sales dipped slightly from the previous quarter, activity continues to outperform historical levels — supported by Dubai’s position as a global safe haven, its stable currency environment, and strong foreign investment flows.

Harding said: “The evolution of Dubai’s luxury sector mirrors the city’s own maturity. This quarter’s data reinforces the city’s position as one of the world’s most resilient luxury markets, where stability, not speculation, is now setting the pace.”