Dubai doubles sales of Dh10m and over homes in Jan. to May - more are coming

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," said the property firm haus & haus in a statement.

The company has just closed a Dh168 million deal on a five-bedroom full-floor residence deal - and 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," said Paul Sharland, Offplan Director at haus & haus. "For serious capital, this isn’t a numbers game anymore." 

“The clients I work with aren’t pulling back, they’re being more selective, yes - but they’re doubling down on Dubai and thinking big.”

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

According to Henley & Partners, 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 networth individuals.

That compares to 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,” says Sharland. “It’s part of the new wealth architecture - a sovereign hedge that combines capital protection, mobility and legacy planning.”