Dubai Sees Record Luxury Home Sales in Early 2026

Jul 7, 2026

61 min

Jul 7, 2026 00:31

Dubai records 296 luxury home sales above $10 million in H1 2026

## Surge in High-End Property Sales

Dubai's luxury real estate market experienced a significant boost in the first half of 2026, with 296 homes sold for over $10 million. This marks a 16% increase from the same period in 2025 and a 49% rise compared to 2024, according to Knight Frank.

## Key Locations and Notable Sales

Dubai Hills Estate led the luxury sales with 51 transactions, followed by Palm Jumeirah and Palm Jebel Ali. The most expensive sale was a six-bedroom apartment at Aman Residences, fetching $114.9 million.

## Broader Market Trends

While the luxury segment thrived, the overall residential market saw a slowdown, with sales down nearly 14% from the previous year. However, June showed signs of recovery, with a 30% increase in transactions compared to May.

## Rental Market Growth

Dubai's rental market also hit a record high in June, with over 40,000 contracts registered. New rental agreements increased by 48.6% year-on-year, indicating strong demand from both new tenants and existing residents.

## Future Outlook

Despite regional uncertainties, Dubai's property market remains resilient, supported by strong off-plan demand and robust rental activity. Experts suggest that the full impact of regional conflicts may become clearer later in the year.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents