Dubai’s luxury residential market hit a high in 2025, with 500 sales valued at over US$ 10 million.

This includes a record 68 homes changing hands for over US$ 25 million, according to Knight Frank.

A strong finish to the year saw 143 US$ 10 million+ sales in the fourth quarter, a 39% increase on the 103 completed in Q3. 

This pushed the value of deals in this segment in 2025 to US$ 9.05 billion, a 27.7% increase on 2024.

A Knight Frank spokesperson says: “These figures … reveal the huge appetite among regional and global high-net-worth individuals [HNWI] to own a home in Dubai.”

“Dubai’s residential market has differentiated itself from regional cities and many other global gateway locations through the creation of destination communities that integrate leisure, safety and convenience into self-contained ecosystems. 

“These one of a kind neighbourhoods are attracting the attention of the global elite at a scale never seen before and the record luxury home sales figures reflect this.”

The Palm Jumeirah retained its position as the top performer in this segment in Q4 2025, accounting for 28 transactions at more than US$ 10 million. 

The larger Palm Jebel Ali, due for completion in 2028, was close behind with 22 sales. 

The most expensive individual purchase in Q4 2025 was in the Business Bay community, where a six-bedroom apartment in Bugatti Residences by Binghatti sold for US$ 149.7 million (AED 550 million). 

The deal for the 47,200 square foot residence was not only a record for the quarter but also the highest sale price ever recorded for a penthouse in the United Arab Emirates.