Demand for ultra-luxury homes in Dubai continues to strengthen, with properties valued at Dh15 million and above recording 1,417 transactions in the second quarter of 2025, according to recent data.

This marks a 67% increase from the previous quarter and a 113% rise compared to the same period in 2024.

The figures indicate a clear shift in buyer behavior, with a growing preference for completed, move-in-ready properties in established prime locations.

While off-plan transactions also saw an uptick — reaching 264 deals, up 103% quarter-on-quarter and 48% year-on-year — completed homes dominated the segment with 1,153 transactions. That’s more than four times the number of off-plan deals during the same period, reflecting a 60% quarterly increase and a 137% surge compared to Q2 2024.

This shift highlights a rising buyer inclination toward ready homes that offer immediate handover, privacy, and security — particularly in well-established communities.

Top-performing areas in the secondary market included The Oasis, Palm Jebel Ali, The Acres, Palm Jumeirah, and Mohammed Bin Rashid City (MBR City), all of which saw high demand for quality homes in prime, well-connected neighborhoods.

Looking at the broader trend, the growth is substantial. In 2022, there were 1,249 transactions in the Dh15 million+ bracket. That number rose to 1,354 in 2023 and 2,594 in 2024. In just the first half of 2025, 2,268 such properties have already been sold — that’s 87% of 2024’s full-year total and nearly double the 2022 figure.

This consistent upward momentum reflects Dubai’s growing appeal among global ultra-high-net-worth individuals, as buyers increasingly prioritize tangible, secure assets in economically stable and opportunity-rich markets. Unlike many Western cities facing constrained supply, Dubai’s luxury property sector continues to attract strong investment interest.

With inventory still relatively tight in the ready-home segment, experts expect this demand to carry forward into the second half of the year.