Dubai’s ultra-luxury property market continued its rapid growth in the second quarter of 2025, with high-end home sales hitting record levels, according to new data from PRIME by Betterhomes.
Strong quarterly growth
A total of 1,417 property transactions valued at Dhs15 million and above were recorded between April and June 2025. This marks a 67% increase from the previous quarter and a 113% rise compared to Q2 2024.
In the off-plan segment, transactions reached 264, reflecting a 103% increase quarter-on-quarter and 48% year-on-year. Despite this, completed homes remained the dominant choice for buyers, with 1,153 sales—over four times the number of off-plan deals in the same period.
Ready homes preferred
Analysts link the shift to a growing demand for move-in-ready properties in established areas.
“Buyers at the top end of the market are increasingly prioritising properties that are move-in ready, particularly in well-established prime areas,” said Dean Douglas Evans, Associate Director at PRIME by Betterhomes.
“The volume of secondary sales is a clear indication of that shift,” he added.
Key areas driving secondary market activity included The Oasis, Palm Jebel Ali, The Acres, Palm Jumeirah, and Mohammed Bin Rashid City (MBR City), where demand for completed, high-quality homes remained strong.
Half-year total nears 2024 full-year volume
So far in 2025, a total of 2,268 ultra-prime homes have been sold, equating to 87% of the full-year volume for 2024 and nearly double the total recorded in 2022.
Yearly transaction figures show a steady rise in the segment:
2022: 1,249
2023: 1,354
2024: 2,594
H1 2025: 2,268
Outlook for second half
The surge in demand reflects Dubai’s growing appeal among global ultra-high-net-worth individuals seeking secure, high-value assets. Analysts say the market is benefiting from global wealth expansion, limited supply in other major cities, and investor confidence in Dubai’s real estate stability.
With limited supply of completed luxury homes and continued buyer interest, experts expect the trend to persist through the remainder of the year.
tanvir@dubainewsweek.com
