Dubai's super-prime property sales cling on to global top spot

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Dubai has retained its place as the heartbeat of global super-prime property sales in the third quarter of 2026.There were 86 sales of $10m-plus properties in Dubai, worth $1.57…

Dubai has retained its place as the heartbeat of global super-prime property sales in the third quarter of 2026.

There were 86 sales of $10m-plus properties in Dubai, worth $1.57 billion, according to Knight Frank’s global super-prime intelligence report, ahead of Hong Kong in second place with 78 sales worth $1.58 billion.

However, activity in Dubai fell by 34 per cent in terms of number of sales and 28 per cent by value compared with the second quarter.

It is the first time since the second quarter of 2022 that Hong Kong’s aggregate value has been ahead of Dubai and the second consecutive quarter that Dubai has undergone a decline in sales after an exceptional start to the year.

Despite the slowdown, Dubai is still comfortably ahead of every other place in the index over the past 12 months, recording 525 super-prime transactions worth $9.25 billion.

Across 12 markets, activity slowed by 19 per cent, with 470 deals valued in total at $8.7 billion.

New York was one of the few major markets to improve, ranking third with 62 sales (up 9 per cent) worth $1.08 billion (up 11 per cent).

Sydney recorded the standout results, doubling its $10 million-plus sales to 57, with a combined worth of $724 million.

Singapore held its own, with 44 sales worth $613 million but London struggled. While the UK capital’s sales fell only from 46 to 42, the value of those sales halved to $722 million.

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