Dubai’s luxury property market recorded 412 transactions worth AED 24.47 billion ($6.67 billion) during the first nine months of 2026, according to the latest figures released by global real estate consultancy Knight Frank.
The sales involved residential properties priced at $10 million (AED 36.7 million) or more. Compared with the same period last year, the number of transactions increased by 15.4%, reflecting another strong period for Dubai’s high-end housing market.
Dubai Luxury Property Sales Grow 15.4%
Knight Frank’s analysis showed that 412 luxury property deals were completed between January and September 2026, up from 357 during the corresponding period in 2025.
That represents an increase of 55 transactions over the nine-month period, with sales of homes priced at $10 million and above remaining at high levels.
86 Luxury Property Deals Recorded in Q3 2026
In the third quarter alone, Dubai registered 86 luxury residential property sales worth at least $10 million each. Of these, 13 involved properties priced above $25 million (AED 91.75 million).
Most transactions fell within the $10 million to $25 million range, with 73 deals generating a combined $1.07 billion (AED 3.93 billion).
The other 13 properties, each selling for more than $25 million, brought in approximately $499.7 million (AED 1.84 billion).
While these higher-priced homes made up around 15% of the quarter’s luxury property transactions, they accounted for nearly 32% of the total sales value.
Palm Jumeirah Leads Dubai’s Luxury Property Sales
Palm Jumeirah remained Dubai’s busiest area for luxury home sales in the third quarter of 2026, recording 27 transactions involving properties valued at $10 million or more.
Together, those sales reached $546.7 million (AED 2.01 billion). The area accounted for roughly 31% of all luxury homes sold between July and September, along with 35% of their combined value.
Palm Jumeirah also led the market for properties selling above $25 million. Five of the 13 transactions in that price category took place there, giving the area a share of approximately 38.5%.
Jumeirah Second, Emirates Hills and Dubai Hills Record Strong Sales
Jumeirah Second took second place in terms of transaction numbers during the third quarter, recording 10 luxury property sales worth a combined $162 million (AED 594.9 million).
In Emirates Hills, seven homes changed hands for a total of $147.7 million (AED 542.5 million).
Dubai Hills Estate recorded six transactions valued at $156.6 million (AED 574.9 million), while Jumeirah Golf Estates also saw six sales, worth a combined $89.9 million (AED 330.1 million).
Among properties selling for more than $25 million, both Dubai Hills Estate and Emirates Hills recorded two transactions each.
Knight Frank: Dubai’s Luxury Housing Market Maintains Strong Sales
Faisal Durrani, Partner and Head of Research for the Middle East and North Africa at Knight Frank, confirmed that Dubai’s high-end residential market maintained strong sales activity during the third quarter.
“Dubai’s luxury housing market continued to record high levels of sales during the third quarter of 2026,” Durrani said.
Louis Harding, Partner and Head of Residential in the UAE at Knight Frank, also pointed to continued activity in Palm Jumeirah’s property market.
He explained that buyers remain largely focused on purchasing homes for permanent residence or vacation use, rather than acquiring properties with the intention of reselling them quickly for a profit.
“Buyer interest in Palm Jumeirah continues to come from those looking to purchase a home for permanent residence or for vacations,” Harding said.
