Dubai property has reached a new record. In Q2 2025, sales of homes priced above $10 million totaled $2.6 billion. So, the city continues to dominate the global luxury market.
Moreover, this milestone confirms Dubai’s position as a leading real estate hub. Wealthy individuals, as well as international investors, are choosing Dubai property more than ever.
In particular, Palm Jumeirah and La Mer are driving demand. These areas offer waterfront views and private beaches. And, they are close to iconic landmarks. Therefore, they attract premium buyers looking for exclusivity and lifestyle.
Steady Increase in Demand and Sales
The demand for us is growing rapidly. In fact, it shows no signs of slowing down.
During Q2 2025, property transactions rose by 52% compared to the same period in 2024. That means the market is expanding at a strong pace.
Both local and international interest in Dubai property remains high. Even though the global economy has seen challenges, Dubai stays stable and appealing.
Meanwhile, the real estate market keeps evolving. Because developers respond quickly to trends, buyers always find fresh options. So, the market stays vibrant and competitive.
Rising Number of Property Millionaires
Dubai property is creating more millionaires. In fact, over 110,000 properties in the city are now worth $1 million or more. So, the market keeps setting new benchmarks.
This increase clearly shows how valuable Dubai property has become. Because of consistent growth, investors trust the market. And they see strong capital appreciation.
More HNWIs are entering the market every year. They want luxury living, high returns, and long-term stability. Therefore, they choose Dubai property to build lasting wealth.
The Rise of ‘Accidental Millionaires’
Dubai now leads the world in ultra-luxury property sales. In 2024, it recorded 435 sales of homes priced at $10 million or more. So, the city outperformed markets like London and New York. And it shows no signs of slowing down.
Some investors entered the market early. They bought homes for under $1 million. But now, those same homes are worth much more. As a result, their property value skyrocketed.
These buyers became ‘accidental millionaires.’ Because of the Dubai property boom, their small investments turned into real wealth. So, they gained without even planning for it.
Therefore, more people are entering the market. And they see Dubai property as both a lifestyle upgrade and a smart investment.
The Highest Number of $10M+ Home Sales in the World
Dubai now leads the world in ultra-luxury property sales. In 2024 alone, it recorded 435 sales of homes priced at $10 million or more.
In comparison, this number nearly equals the combined total of London and New York. So, the our market is clearly outperforming other global cities.
Moreover, new developments like Trump Tower, Burj Azizi, and Jumeirah Emirates Towers are driving this growth. Buyers prefer modern, high-end living. As a result, they choose Dubai property for both luxury and value.
Economic Implications and Outlook of Dubai
The impact of usgoes beyond housing. A booming market means more jobs, more investment, and a stronger economy.
Construction, tourism, and retail all benefit. So, the entire city grows with the real estate sector.
Dubai’s leadership continues to support development. The future of us looks bright for both investors and residents.