Dubai Luxury Home Sales Reach Record High in 2025

Dubai’s luxury residential market reached a new milestone in 2025, with 500 homes sold for more than US$10 million, according to a report by Knight Frank. This included a record 68 properties sold for over US$25 million.

The market ended the year strongly. In the final quarter of 2025 alone, 143 homes priced above US$10 million were sold, up 39% from 103 sales in the previous quarter. As a result, total luxury home sales value reached US$9.05 billion in 2025, a 27.7% increase compared to US$7.09 billion in 2024.

Faisal Durrani said the figures show strong interest from high-net-worth individuals in Dubai, driven by its quality of life, modern infrastructure and government-led investment initiatives. He noted that Dubai has become the world’s busiest market for homes priced above US$10 million, rising sharply from just 30 such sales in 2020.

In the ultra-luxury segment of homes priced above US$25 million, sales increased by 45% year-on-year, highlighting Dubai’s growing appeal among the global elite.

Luxury Communities in High Demand

Will McKintosh said Dubai stands out due to its destination-style communities that combine leisure, safety and convenience. These areas continue to attract wealthy buyers from around the world.

Palm Jumeirah remained the top-performing area in the last quarter of 2025, with 28 sales above US$10 million. It was followed closely by Palm Jebel Ali with 22 sales. Other leading areas included La Mer, Jumeirah 2 and Tilal Al Ghaf.

Palm Jebel Ali, which is still under development, is already showing strong potential, supported by growing demand for waterfront homes and Dubai’s luxury lifestyle.

Record-Breaking Sale

The most expensive home sold in the fourth quarter was a six-bedroom apartment in Business Bay at Bugatti Residences by Binghatti. The property sold for US$149.7 million (AED 550 million), setting a new record for the most expensive penthouse ever sold in the UAE. This surpassed the previous record set by a penthouse at Como Residences in 2023.

Knight Frank said Dubai’s real estate market is now being driven mainly by people buying homes to live in, rather than investors. This shift is helping the city move from an emerging market to a more stable and mature global property hub.