🏠 Dubai Luxury Home Sales Above AED 10M Surge Tenfold in Four Years
Dubai, UAE – Luxury real estate in Dubai has witnessed a dramatic rise over the past four years, with sales of homes priced above AED 10 million skyrocketing from 469 in 2020 to 4,670 in 2024, according to Savills Middle East’s Dubai Prime Residential 2025 report.
In Q1 2025, the trend shows no sign of slowing, with more than 1,300 luxury homes sold, representing a strong 31% increase compared to the same period in 2024.
“Dubai’s prime market continues to draw high-net-worth individuals looking for space, privacy, and top-tier living,” noted Andrew Cummings, Head of Residential Agency, Savills Middle East. “Demand for luxury villas and branded residences remains particularly strong.”
📊 Off-Plan Sales Dominate
Off-plan transactions now account for 69% of AED 10M+ sales, up from just 14% in 2020. This shift reflects buyers’ preference for newer, customizable inventory in planned communities.
Key hotspots include:
Palm Jebel Ali, District One West and The Acres for premium villas
Downtown Dubai, Palm Jumeirah, and Dubai Harbour for branded apartments
Jumeirah Islands has emerged as a standout—89 luxury villas sold for over AED 10M in 2024, many featuring custom upgrades and designs with prices exceeding AED 20M.
📈 Villas Lead the Market
Villas represent 70% of all AED 10M+ transactions in 2024, while high-end branded apartments, especially beachfront units costing AED 5,400+ psf, continue to attract buyers focused on lifestyle-driven living.
Dubai’s luxury property expansion is further bolstered by upcoming masterplans like the Jebel Ali Racecourse redevelopment, Jumeirah Golf Estates Phase 2, and Emaar’s Grand Polo Club & Resort, which will introduce fresh prime inventory.
📅 Outlook: 8–10% Growth in 2025
Savills forecasts an 8–10% increase in the prime residential segment during 2025, driven by wealth migration, new premium communities, and lifestyle-led developments that are reshaping Dubai’s high-end real estate landscape.
How did the luxury market perform in Q1 2025?
Over 1,300 luxury properties sold, up 31% from Q1 2024.
Why are off-plan homes gaining popularity?
Attractive pricing, flexible payment options, and customization in new developments have made off-plan units highly desirable.
Which areas are luxury buyers targeting?
Top demand zones include Palm Jebel Ali, District One West, The Acres, Downtown, Palm Jumeirah, and Dubai Harbour.
What’s the growth projection for luxury homes in 2025?
Savills estimates an 8–10% price increase in Dubai's AED 10M+ prime residential market.
