Dubai is still the world’s busiest market for $10m-plus homes, despite cooling

Résumé détaillé

The emirate recorded 86 sales of $10 million-plus homes in Q3 and 525 over 12 months, ahead of every other market, though activity cooled sharply, says Knight Frank ...

Dubai remained the world’s busiest super-prime residential market in the third quarter of 2026, retaining first place by number of $10 million-plus sales even as activity cooled sharply, according to Knight Frank.

The property consultancy’s Global Super-Prime Intelligence report shows Dubai recorded 86 such sales worth $1.57 billion in Q3, ahead of Hong Kong’s 78 and New York’s 62.

Over the 12 months to September, Dubai recorded 525 transactions worth $9.25 billion, comfortably ahead of every other location in the index. Hong Kong was second with 346 sales worth $6.65 billion.

However, the latest quarter was weaker. Dubai’s sales fell 34 per cent by number and 28 per cent by value from the second quarter, taking volumes to their lowest level since Q3 2024. Compared with a year earlier, transactions were 16 per cent lower and value was down 21 per cent.

Knight Frank said a second consecutive quarterly decline confirmed that the exceptional pace of early 2026 had eased.

Dubai’s luxury property market has performed exceptionally well over the years due to inflow of millionaires and ultra-rich people.

Real estate consultancy CBRE also said in its latest report that high-end and luxury locations are outperforming other lower positioned communities.

Hong Kong narrowly overtook Dubai on aggregate value, with sales worth $1.58 billion against Dubai’s $1.57 billion. It was the first time Hong Kong had led on value since Q2 2022.

Hong Kong’s sales fell 16 per cent by number from Q2, but were 39 per cent higher by number and 52 per cent higher by value than a year earlier.

Début de l'article, extrait de Khaleej Times Business. Pour lire la suite, ouvrez l'article chez le média.