February 2025

Dubai's luxury residential market achieved new heights in 2024, setting a new record for US$ 10 million+ home sales, according to the latest analysis from global property consultant, Knight Frank. The emirate recorded 435 sales above US$ 10 million, surpassing the 434 US$ 10 million+ transactions registered during 2023, further cementing Dubai's position as the world's leading market for luxury home sales. The total number of sales above US$ 10 million in 2024 was bolstered by a remarkable performance in Q4, which saw 153 deals – the highest quarterly figure on record for this segment.   Faisal Durrani, Partner – Head of Research,