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Dubai’s luxury property market has reached a new peak, with $10 million+ home sales hitting a record $2.6 billion in Q2 2025, according to Knight Frank. This marks a 37% jump from Q1 and a remarkable 63% rise compared to Q2 2024. A total of 143 ultra-prime sales were recorded—up 52% year-on-year—including 22 properties sold for over $25 million.
For the first time since Q2 2023, apartments outperformed villas in this elite bracket, with 80 apartment sales versus 63 villas. The Palm Jumeirah led the market with 28 deals, followed by La Mer (23) and Downtown Dubai (16).
,DubaiRealEstate ,LuxuryLiving ,PalmJumeirah ,KnightFrank
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