Dubai Reinforces Global Dominance in Super-Prime Real Estate Market

Global sales of super-prime properties—homes valued at $10 million and above—continued their robust growth in the second quarter of 2025, according to the latest Knight Frank report. A total of 590 transactions were recorded worldwide, up 19% from 497 in the same quarter last year. Total deal value rose 33% year-on-year to $11.8 billion, reflecting the growing strength of the global property market.

Dubai Leads the World in Super-Prime Transactions

Dubai real estate maintained its commanding global lead with 143 transactions worth $2.6 billion, confirming its reputation as the world’s deepest luxury property market. The city’s momentum in ultra-luxury real estate continues to attract high-net-worth investors, bolstered by tax advantages, investor-friendly policies, and unparalleled lifestyle offerings.

While New York surpassed Dubai in total deal value ($2.9 billion) for the first time since 2021, the Emirate retained the top spot for the number of sales, underscoring its unmatched liquidity and international appeal. The consistent growth of Dubai property investment highlights the city’s resilience amid global economic fluctuations.

Global Highlights

New York saw 120 super-prime sales totaling $2.9 billion, marking a strong comeback driven by demand for trophy condominiums and prime townhouses. Los Angeles rebounded impressively with 73 sales worth $1.6 billion—its highest since early 2021—thanks to renewed interest in Beverly Hills and Malibu estates. Hong Kong followed closely with 53 deals worth $1.0 billion, signaling sustained recovery despite broader macroeconomic challenges.

London, on the other hand, recorded 45 transactions totaling $0.9 billion, down 13% year-on-year due to ongoing tax pressures. However, improved quarterly activity hints at a potential rebound as overseas buyers capitalize on lower prices.

Outlook for the Remainder of 2025

The global property market is poised for both opportunity and caution. While proposed U.S. tariffs under President Trump create uncertainty, capital flows into prime property sales remain strong. Hong Kong’s luxury housing sector is expected to sustain its recovery, and Los Angeles appears set for continued demand.

Yet, all eyes remain on Dubai and New York—the two most influential hubs in the high-end real estate landscape. As noted by Liam Bailey, Global Head of Research at Knight Frank, “Dubai holds its lead, but New York’s resurgence and strong rebounds in Los Angeles and Hong Kong highlight the depth and diversity of demand.”

With continued investor confidence and a steady influx of global wealth, Dubai real estate is expected to maintain its top-tier position through the end of 2025, reaffirming the city’s role as the epicenter of global luxury living.