Dubai: Demand for Dubai's luxury homes is still growing at a rapid pace, with sales of Dh10 million and over deals recording a near 100% growth in the first five months of 2025.

That means 3,105 such deals compared to 1,607 in 2024.

A sharp rise in demand for high-end, spacious residences is reshaping Dubai’s luxury real estate market, as global investors prioritise stability, strategic growth, and long-term value over short-term speculation.

A Dh168 million deal was recently closed on a five-bedroom full-floor residence — making it one of the Top 10 most expensive apartment sales ever recorded in Dubai.

Investors are clearly focused on fundamentals — policy, infrastructure, and where the city’s putting its money. For serious capital, this isn’t a numbers game anymore.

Clients are not pulling back; they’re being more selective, yes — but they’re doubling down on Dubai and thinking big.

Data shows that the UAE had the second highest increase when it comes to attracting dollar millionaires in 2024, adding 13,000 new millionaires in just one year.

A record 142,000 millionaires are expected to relocate worldwide this year, and the UAE is set to attract the largest net inflow at an estimated 9,800 high-net-worth individuals.

That compares to the UK, forecast to lose 16,500 millionaires in 2025 — the highest net outflow globally — while China (losing 7,800), India (down by 3,500), and Russia (a drop of 1,500) are set to report major losses.

Real estate is no longer just a lifestyle choice — it’s part of the new wealth architecture: a sovereign hedge that combines capital protection, mobility, and legacy planning.