Dubai continues to solidify its position as a global hub for high-end real estate, with affluent individuals from Saudi Arabia and India leading the surge in demand for luxury properties. The city remains a top choice for those with a personal net worth exceeding $20 million, reflecting sustained interest in ultra-premium homes.
Among the notable buyers, billionaire industrialist Lakshmi Mittal recently made headlines with the purchase of a $100 million mansion in Emirates Hills, underscoring the appeal of Dubai’s most prestigious neighborhoods.
Global Affluent Class Prefers Dubai for Real Estate Investments
Recent insights indicate that 71% of global high-net-worth individuals (HNWIs) favor Dubai over other emirates when it comes to acquiring property. This sentiment is especially strong among Saudis, with 80% expressing a preference for Dubai, followed by 74% of UK nationals, 69% of Indians, and 61% of East Asians.
The city continues to draw celebrities from both Bollywood and Hollywood, as well as international corporate leaders, further establishing its global reputation as a luxury property destination.
Dubai Leads in Global Sales of $10 Million+ Homes
The demand for ultra-luxury homes in Dubai has propelled the city to the top of the global rankings for sales above $10 million. In 2024 alone, Dubai recorded 435 such transactions—closely matching the combined figures of major global cities like London and New York.
The momentum carried into 2025, with 111 homes sold in the first quarter alone, marking the highest Q1 sales ever recorded for this price segment.
Dubai Marina Retains Its Crown as the Most Coveted Address
Despite the rise of new developments in Palm Jebel Ali, Dubai Islands, and premium high-rises from developers such as Azizi, Trump, Sobha, and Binghatti, Dubai Marina remains the most sought-after location among the wealthy.
According to Knight Frank’s research, Dubai Marina accounts for 28% of HNWI residential interest, followed closely by Dubai Hills Estate (24%) and Emirates Hills (23%). Lakshmi Mittal’s recent acquisition further highlights Emirates Hills’ enduring allure.
Top Preferences Among the Super-Wealthy
Among individuals with a net worth exceeding $50 million, Dubai Marina stands out as the preferred destination, capturing 43% of the interest. Dubai Hills Estate follows with 30%, while Emirates Hills remains a strong contender at 22%. These figures demonstrate the consistent demand for prestigious addresses in Dubai’s thriving luxury real estate market, reinforcing the city’s global appeal to ultra-wealthy buyers.
Source: https://gulfnews.com/business/property/dubai-luxury-homes-super-rich-saudis-indians-lead-in-buying-multi-million-dollar-properties-1.500134619
