Dubai's ultra-luxury real estate deals surge tenfold in five years

Dubai’s prime residential market has witnessed an extraordinary transformation over the past five years, with property transactions priced at Dh10 million and above soaring tenfold. According to Savills’ latest research, deals in this ultra-luxury segment jumped from just 469 in 2020 to nearly 6,000 by mid-November 2025 — a 24.4 per cent increase year-on-year, with weeks still left in the calendar.

- Somshankar Bandyopadhyay [e-mail]

Palm Jebel Ali has witnessed 567 property transactions so far this year. — FILE PHOTO

This surge underscores Dubai’s growing appeal among global high-net-worth individuals (HN-WIs), driven by political stability, a tax-efficient environment, and world-class infrastructure. The emirate’s ability to attract international talent and wealthy families has reshaped its real estate landscape, fueling demand for larger homes and premium developments.

Savills’ inaugural Wealth Trends Report puts Dubai as the top hotspot destination globally for high net worth individuals, with the Index scoring Dubai top of 100 destinations globally given its strength across business environment and wealth clustering, family infrastructure and cost, legacy, lifestyle, and privacy and security. The city is likely to continue to attract HN-WIs, driving the upper end of Dubai’s residential market.