Luxury Home Sets Price Record in Dubai's First Half

Dubai's luxury real estate market experienced a remarkable surge in the first half of 2025, with a villa in Emirates Hills, dubbed "The Marble Palace," leading the pack at a staggering Dh425 million. This transaction marked the most expensive residential deal during the period. Following closely was a Dh330 million home on Jumeira Bay Island, which also secured two other spots in the top 10 sales. Overall, over 3,700 properties priced at Dh10 million or more found buyers, reflecting a significant 62.7% increase compared to the previous year.

The Palm Jumeirah also witnessed substantial activity, with a property selling for Dh300 million, followed by two Jumeira Bay Island homes at Dh225 million and Dh190 million, respectively. Another Palm Jumeirah residence fetched Dh180 million. Notably, both Palm Jumeirah units within the top 10 were off-plan purchases, highlighting the continued appeal of new developments. This growth in high-end sales underscores the increasing importance of the luxury segment in Dubai's real estate landscape.

Industry experts attribute this boom to a growing population of resident millionaires and a structural shift in demand from global investors seeking long-term investments. The UAE is projected to attract the highest number of new millionaires globally in 2025, further fueling the luxury market's expansion. Recent high-value transactions, including a Dh275 million apartment at One at Palm Jumeirah, a Dh240.5 million villa on Jumeira Bay Island, and a Dh203 million villa on Palm Jumeirah, further exemplify this trend.