Dubai’s real estate market is experiencing a significant influx of investment from East Asian high-net-worth individuals (HNWIs), according to Knight Frank’s latest report, *Destination Dubai 2025*. The report reveals that $10.3b of private capital from East Asia, including China, Hong Kong, and Singapore, is targeting Dubai’s residential sector, making it the world’s busiest market for $10m+ homes for the second consecutive year.
The report highlights that 74% of East Asian HNWIs are interested in purchasing land in Dubai, with Chinese buyers showing the highest interest at 61%. The demand for branded homes as holiday or second homes is also notable, with 33% of East Asian buyers expressing interest. Faisal Durrani, Head of Research at Knight Frank MENA, noted, “The strongest appetite for a real estate purchase in the UAE comes from those with the greatest wealth.”
In 2024, Dubai’s residential market saw $100b in investments, with residential prices rising by 19% year-on-year. The emirate recorded 435 sales of homes valued at over $10m, nearly matching the combined figures of London and New York. Dubai Marina, Dubai Hills Estate, and Emirates Hills remain the top neighbourhoods for HNWIs.
As the market continues to thrive, Knight Frank’s survey indicates that 71% of global HNWIs prefer Dubai for real estate acquisitions, with the UAE’s residential sector being the top target. The report underscores Dubai’s appeal as a safe haven for global wealth, with the city’s property market maturing rapidly and attracting genuine end-users rather than speculative buyers.
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