Dubai continues to attract a growing number of high-net-worth individuals (HNWIs), driven by its zero-tax environment, modern infrastructure, and secure lifestyle.
A report by Henley & Partners forecasts that 9,800 HNWIs are expected to relocate to the UAE in 2025, with Dubai ranking among the world’s top 20 wealthiest cities, currently home to 81,200 millionaires—a 12% year-on-year increase.
Strong demand for property
A survey by Knight Frank and YouGov found that 68% of HNWIs surveyed are interested in buying property in Dubai. The majority of potential investors come from Saudi Arabia, India, China, the UK, and Singapore. Among them, Saudi nationals have shown the strongest intent to purchase, followed by Indian investors.
According to the survey, one in three respondents plans to invest in the UAE’s real estate sector this year, highlighting Dubai’s ongoing appeal as a premium property destination.
Luxury property market trends
Dubai’s real estate market saw 91,897 residential sales in the first half of 2025—a 21% increase compared to the same period in 2024. Notable luxury transactions this year include:
The Marble Palace, Emirates Hills – Dhs 425 million
Beachfront villa, Palm Jumeirah – Dhs 300 million
Bulgari Lighthouse Penthouse, Jumeirah Bay – Dhs 282 million
High-end areas such as Palm Jumeirah, Jumeirah Bay Island, Dubai Marina, and Bluewaters Island continue to attract wealthy buyers, with prices projected to rise further due to sustained demand and ongoing luxury developments.
Outlook for luxury housing
Tara Khan, Sales Director at Kelt and Co. Realty, said: “The increasing number of high-net-worth individuals in Dubai showcases a major movement of global wealth. Dubai has cemented its reputation as a global hub for wealthy investors, with a unique blend of a tax-free environment, safety, and a luxurious lifestyle. This trend has increased the demand for prime properties, especially in the Palm Jumeirah, Emirates Hills, and Dubai Marina. This activity signals the strength of Dubai’s real estate market and its reputation as a haven for long-term wealth. The upcoming landmark projects from renowned developers and investor-friendly policies will further increase the demand from affluent buyers.”
Upcoming projects like Palm Jebel Ali and initiatives such as property tokenization are expected to widen access to the luxury real estate market. Developers are also introducing smart home features and world-class amenities to meet the expectations of this growing investor segment.
tanvir@dubainewsweek.com
