Dubai’s luxury real estate sector is experiencing a dramatic surge, with high-end property transactions above AED 10 million ($2.7M) increasing by 93.2% year-on-year between January and May 2025. The boom is driven by a wave of global wealth migration and investor confidence in Dubai’s long-term value.
According to the UBS Global Wealth Report 2025, the UAE welcomed 13,000 new millionaires in 2024—the second-highest increase globally. This influx is expected to continue, with Henley & Partners forecasting a net inflow of 9,800 high-net-worth individuals (HNWIs) in 2025, surpassing all other countries.
A landmark transaction underlines this trend: a five-bedroom, full-floor apartment sold for $45.7 million (AED 168M) by haus & haus Off Plan Director Paul Sharland, one of the top 10 most expensive apartment deals in Dubai’s history. The buyer also acquired a $14.2M property and an $8.2M Palm Jumeirah villa, as part of a broader investment strategy.
“Clients are doubling down on Dubai,” said Sharland. “This is about capital protection, mobility, and legacy planning—not speculation.”
Dubai’s appeal lies in its tax efficiency, legal clarity, and economic resilience—qualities that are attracting investors amid declining millionaire populations in markets like the UK, China, and India.
Data from haus & haus also shows:
Sales of homes priced above AED 3,500 ($953)/sq.ft rose 119.1% YoY
Larger homes (1,500+ sq.ft) saw a 47.9% increase in sales
Mid-upper tier sales (AED 3,000–3,500/sq.ft) rose by 19.9%
“Real estate in Dubai is now a strategic asset,” Sharland said. “This is data-backed confidence—and value still scales here.”