Dubai Luxury Property Market: Key Trends and Insights (2024-2025)
Surge in Luxury Property Purchases
- Russians, British, Indians, and other European millionaires have become the top buyers of luxury properties in Dubai, particularly those valued at Dh20 million ($5.5 million) and above.
- The number of transactions for such high-end properties increased by 110% year-on-year and by 70% compared to the second half of 2024.
Factors Driving Demand
- Currency Fluctuations: The weakening of the UAE dirham against the British pound, Indian rupee, and euro has made Dubai properties more attractive to international buyers.
- Migration of Wealthy Individuals: There is a notable rise in high-net-worth individuals relocating to Dubai, seeking a more favorable environment for living and investment.
- Competitive Pricing: Dubai’s luxury property prices remain competitive compared to other major international markets, drawing global investors.
Government Incentives and Lifestyle Benefits
- Dubai’s government has implemented policies to make the city an exceptional place to live, work, and invest.
- Tax Advantages: The emirate offers zero income tax and is considered a tax-efficient jurisdiction, especially appealing after fiscal changes in the UK and Europe.
- Safety and Infrastructure: Dubai is recognized for its safety, global connectivity, world-class infrastructure, and healthcare, adding to its appeal for wealthy migrants.
Millionaire Migration Trends
- The UAE is expected to welcome over 9,800 high-net-worth individuals in 2025, the highest number globally.
- The UK is forecast to lose 16,500 millionaires, while India may see an outflow of around 3,500 wealthy individuals in the same period.
- The UAE is projected to attract Dh231 billion ($63 billion) in wealth through inbound millionaire migration.
Top Luxury Communities by Transaction Value
| Community | Highest Transaction Value (Dh million) |
| Emirates Hills | 425 |
| Jumeirah Bay Island | 330 |
| Dubai Hills Estate | 140 |
| Palm Jumeirah – The Fronds | 130 |
| Al Barari | 121 |
