Dubai Luxury Real Estate Booms as 9,800 Millionaires Set to Move in 2025

Prime Highlights

Dubai is becoming a top destination for luxury real estate, with record property sales and a growing number of wealthy individuals moving to the city in 2025.

Major luxury properties are selling for record prices, including The Marble Palace in Emirates Hills for $116 million.

Key Facts

Dubai is expected to welcome 9,800 millionaires in 2025, bringing the total to 81,200, a 12% rise from last year.

Residential property sales in the first half of 2025 reached 91,897, a 21% increase compared to the same period in 2024.

Key Background

Dubai is becoming a top destination for luxury homes, with record property sales and more wealthy people planning to move there in 2025.

A report by Henley & Partners says that 9,800 millionaires will move to Dubai in 2025, bringing the total to 81,200, a 12% increase from last year. Most investors are coming from the UK, Europe, India, China, and Russia because Dubai is tax-free, safe, offers long-term residency, and is well-connected to Asia, Europe, and Africa.

Demand for luxury homes is rising quickly. A survey by Knight Frank and YouGov of 387 wealthy individuals found that 68% are interested in buying property in Dubai, with investors from Saudi Arabia and India leading the trend.

Tara Khan, Sales Director at Kelt and Co. Realty, said: “The increasing number of millionaires in Dubai is boosting demand for top properties, especially in Palm Jumeirah, Emirates Hills, and Dubai Marina.”

Dubai’s real estate market saw 91,897 residential sales in the first half of 2025, a 21% increase from the same period last year. The biggest property sales comprise a villa in Emirates Hills called The Marble Palace at AED 425 million ($116m), a beachside property in Palm Jumeirah at AED 300 million ($82m), and the Bulgari Lighthouse Penthouse in Jumeirah Bay at AED 282 million ($77m).

Experts expect prices to rise further, supported by modern infrastructure, new villa projects by famous architects, and advanced home technologies and amenities.

In the future, the entry of additional projects like Palm Jebel Ali and property tokenization will reshape the luxury market in Dubai and provide more opportunities to international investors who will be able to access the best properties.

In 2026, this growth is forecasted to remain and, in fact, is expected to increase, further bolstering the luxury real estate sector in Dubai, which continues to attract millionaires and lucrative property investments as never before.