Dubai’s ultra-luxury residential property market extended its record-breaking rally in 2025, with Palm Jebel Ali overtaking Palm Jumeirah as the emirate’s most sought-after enclave for homes priced above Dh20 million, underscoring the city’s growing magnetism for global wealth and long-term capital.
A total of 2,489 homes valued at more than Dh20 million changed hands during the year, reflecting sustained demand from ultra-high-net-worth individuals seeking trophy assets, waterfront living, and tax-efficient wealth preservation. The ongoing digital transformation of Dubai’s real estate market has further enhanced investor confidence.
Key highlights include:
- 517 deals above Dh20 million in Palm Jebel Ali
- Dh12.4 billion in sales in the waterfront district
- 64% of transactions were off-plan homes (1,604 deals)
- 885 ready-property sales
According to Knight Frank, Dubai recorded the highest number of $10 million-plus home sales globally in 2025, ahead of London and New York. The consultancy noted that Dubai’s prime residential prices have more than doubled since 2020, supported by population growth, residency reforms, and sustained economic expansion.
The Dubai Land Department reported total real estate transactions crossing Dh760 billion in 2025, a record high, with luxury segments accounting for a growing share of value. This continues the momentum from the robust performance in January.
Market experts predict that Dubai’s top-end property segment will remain one of the world’s most dynamic real estate investment destinations through 2026 and beyond, driven by international demand and limited prime waterfront inventory.
