According to Knight Frank, Dubai’s high-end residential market has enjoyed another impressive quarter, with 103 homes sold for over $10m in Q3, a 24% increase on Q3 2024.
Performance was driven by strong demand in the luxury segment, which saw 17 transactions priced over $25m – more than twice the number recorded in Q3 2024.
The latest quarterly figures pushed the number of deals in the $10m plus bracket to 357 in the first nine months of the year, which equates to a 26% increase on the same period in 2024, when 282 homes over $10m were sold.
“The fact that the growth in total transaction values $10m homes is rising faster that 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 $10m-plus homes market, following the 435 deals registered during 2024.”
Faisal Durrani, Partner – Head of Research MENA, Knight Frank
Total transaction values increased at an even greater rate than the number of deals, topping $2bn in Q3, representing year-on-year growth of 54%. This increased activity in the ultra-luxury market saw high-value sales push up the average deal value in the $10m plus segment to more than $19.4m, representing a 23.8% rise on Q3 2024.
The highest price achieved in the third quarter was for a seven-bedroom mansion in Asora Bay by Meraas, in the La Mer community, which sold for $95.3m.
“Community living and exclusivity remain a big draw for high-net-worth-individuals looking to purchase in Dubai. La Mer exemplifies this with its combination of wellness-focused beachfront living, extensive amenitiesand 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, Knight Franks
Palm Jumeirah retained its crown as the busiest community for prime residential transactions in Q3 2025, accounting for 34% of the total number of deals. It was followed by Jumeirah 2, which accounted for 17% of $10m plus purchases.
