The Dubai real estate market is set to receive a significant influx of USD 10.3 billion in private capital, reflecting its robust growth according to a report from global property consultancy Knight Frank. This influx indicates a strong interest from global investors in Dubai’s residential real estate sector.

The report, which analyzes insights from 387 high-net-worth individuals (HNWIs) in countries such as India, Saudi Arabia, the UK, and East Asia, highlights the increasing demand for properties in Dubai. It notes that during 2024, the market continued to thrive, with values and rents reaching new highs. Overall transaction values across all sectors exceeded USD 207 billion, driven by rising demand from affluent buyers.

Will McKintosh, Regional Partner and Head of Residential for MENA at Knight Frank, commented on the findings, stating that the demand from these nationalities aligns with their market experience. In fact, Saudi, Indian, and British nationals represented over 50 percent of homes sold by Knight Frank in Dubai during 2024.

In terms of sales activity, the report indicates that record residential sales reached nearly 170,000 transactions, totaling USD 100 billion in 2024. This positive momentum has continued into 2025, with home sales in Dubai hitting AED 100 billion by March 4.

Additionally, Dubai has maintained its position as the world’s busiest market for sales of homes priced over USD 10 million for the second consecutive year. In 2024, the city recorded 435 of these high-end sales, nearly matching the combined total of such sales in London and New York. The first quarter of 2025 saw another 111 homes sold for over USD 10 million, marking the highest number recorded for this period.

The report also reveals that Dubai’s residential market had a strong performance in 2024, with property values rising by 19.1 percent to an average of AED 1,685 per square foot. This increase pushed prices 13.3 percent above the peak levels seen in 2014. Villa sale prices, in particular, grew by 19.6 percent over the 12 months leading to the end of Q1, reaching AED 2,088 per square foot. This growth underscores the desirability of stand-alone villas, beachfront homes, and branded residences that offer immediate access to the luxurious Dubai lifestyle.