Dubai luxury housing demand rises in step with influx of global millionaires

Dubai luxury housing demand rises in step with influx of global millionaires

Dubai’s luxury real estate market is roaring ahead as affluent newcomers reshape the city’s property landscape. In the first half of 2025 alone, the number of transactions for homes priced above AED 10 million surged by 62.7%, with a record 3,731 high-end deals cutting across the ultra-prime segment. The second quarter alone accounted for 2,388 such sales, the highest quarterly figure ever recorded. What’s more, these luxury transactions now constitute over 4% of total real estate volume, up from just 1.1% in 2020—reflecting a significant structural shift in Dubai’s preferences toward high-value, long-term property assets

This rising demand is fueled by a swelling base of resident millionaires—81,200 at present—including 237 centi-millionaires and 20 billionaires, according to Henley & Partners. From a strategic standpoint, Dubai is no longer viewed merely as a luxury stopover, but as a long-term haven for global capital. With policies offering tax efficiency, geopolitical stability, and world-class infrastructure, the emirate is increasingly trusted as a secure base for wealth preservation and legacy-building. Industry leaders note that wealth isn’t just arriving—it’s anchoring itself in branded residences, legacy developments, and high-quality neighborhoods across the city

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Seven Phoeniix Real Estate

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