Dubai recorded 412 luxury real estate transactions exceeding $10 million during the first nine months of 2026, totaling $6.67 billion, according to Knight Frank. The deal volume marked a 15.4% increase compared to 357 transactions logged during the same period in 2025. Palm Jumeirah led the ultra-luxury segment, accounting for 31% of sales valued at $10 million or more in the third quarter.
Dubai registered 131 sales of homes priced at US$10 million or above in Q2 2026, totaling US$2.17 billion, reflecting a 27 percent decline from the prior quarter. Knight Frank data reported by BriefAsia shows Hong Kong significantly narrowed the transaction gap with Dubai during the same period. The change comes as geopolitical tensions affect Middle East market sentiment and buyers diversify holdings into Asia.
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