Dubai’s luxury property boom is no coincidence. It’s the outcome of years of strategic investment, progressive policy reforms, and a steady realignment of global wealth flows. In 2025, the evidence is undeniable Dubai has become one of the most resilient and sought-after luxury real estate markets in the world.
Driving this momentum is an unprecedented influx of high-net-worth individuals who are choosing not just to visit Dubai, but to invest in it. Between January and May, the number of property transactions exceeding AED10 million surged by 93% year-on-year, rising from 1,607 in 2024 to 3,105. This marks more than a rise in figures it signifies a fundamental transformation of Dubai’s luxury real estate landscape.
A Magnet for Millionaires
In 2024, the UAE recorded the second-largest increase in millionaires worldwide, adding 13,000 new high-net-worth individuals a 5.8 percent rise within a single year. This upward trend is gaining further momentum, with projections indicating a net inflow of 9,800 millionaires in 2025, the highest among all countries globally.
These individuals are not just buying property they are settling into Dubai’s economy and culture, looking for long-term value, stability, and a way to spread their investments. The market has adapted to meet this growing interest.
Surge in Ultra-Prime Sales
Data drawn from Dubai Land Department records reveals a notable surge in ultra-prime real estate activity. Transactions exceeding AED3,500 per square foot rose sharply by 119.1 percent, while those in the AED3,000 to AED3,500 range increased by 19.9 percent.
Additionally, demand for larger residences continued to grow, with homes over 1,500 square feet registering a 47.9 percent annual increase reflecting a clear preference for more spacious, family-oriented living.
H1 2025: A Record-Breaking Performance
The first half of 2025 stands out as a milestone for Dubai’s real estate sector, with 98,603 properties sold, amounting to AED326.7 billion ($88.95 billion) in total value.
The second quarter alone accounted for 53,118 transactions valued at AED184 billion, representing a 40 percent increase in sales value compared to the same period last year and marking the highest quarterly performance ever recorded in the market.
Dubai’s property market has shown consistent growth, with the median price per square foot rising from AED958 in 2021 to AED1,607 in 2025 reflecting steady and broad-based value appreciation.
Properties priced between AED1 million and AED2 million accounted for the largest share of transactions at 32%, followed by 26 percent for those below AED1 million, 17% in the AED2–3 million range, and 12% for properties exceeding AED5 million.
A Market Rewriting the Global Playbook
As wealthy individuals around the world increasingly look for investments that offer a better lifestyle, long-term value, and stability, Dubai stands out as a top choice. It is no longer just a growing luxury market it has become a global example of how strong leadership, clear planning, and a diverse economy can create one of today’s most active and attractive real estate markets.
At One Investments, we view infrastructure as a fundamental force behind sustained real estate growth. Our portfolio attracts discerning buyers who value the long-term potential that comes with enhanced connectivity.
