Dubai records 320 home sales above $10m in six months as luxury property market surges
Dubai recorded 320 home sales worth more than $10m in H1 2026, up 23 per cent year-on-year, with ultra-prime transactions reaching $6bn.
Dubai recorded 320 residential property sales worth more than $10m during the first half of 2026, reinforcing the emirate’s position as one of the world’s leading destinations for ultra-prime real estate.
According to the latest market analysis from Engel & Völkers Middle East, the number of ultra-prime transactions increased 23 per cent year-on-year, reaching a combined value of $6bn, despite a period of slower buyer activity driven by regional uncertainty.
The report found that residential properties valued above $10m accounted for 9.7 per cent of Dubai’s total residential sales value during the first six months of the year.
Luxury real estate in Dubai
Across the wider residential market, Dubai recorded:
- 80,509 residential property sales
- AED226.5bn ($61.7bn) in transaction value
- 320 homes sold for more than $10m
- $6bn in ultra-prime sales
The report said the year began strongly, with January and February outperforming the same period in 2025.
However, heightened regional uncertainty from late February led buyers and investors to take longer over purchasing decisions, resulting in more measured transaction activity through the middle of the first half.
Market activity recovered in June as conditions improved, reflecting what Engel & Völkers described as resilient underlying demand.
Buyers prioritise quality and long-term value
Despite softer transaction volumes during parts of the period, property values remained resilient across much of Dubai.
Performance was particularly strong in established villa communities and the prime residential segment, while buyers became increasingly selective, placing greater emphasis on:
- Property quality
- Location
- Developer reputation
- Long-term value
“What continues to give us confidence is the depth of the market, from growing international demand for exceptional ultra-prime homes to sustained activity across the wider residential sector.”
Major transactions continued across some of Dubai’s most prestigious locations, including:
- Jumeirah
- Jumeirah Asora Bay
- Dubai Water Canal
The report also found that Dubai’s luxury property market is becoming increasingly diverse, with new high-end developments creating additional opportunities for high-net-worth buyers beyond the city’s traditional prime locations.
Engel & Völkers said Dubai’s long-term fundamentals continue to support the residential market, citing sustained population growth, international capital inflows, economic diversification and infrastructure investment.
The brokerage expects quality, location and long-term value to remain the defining factors influencing purchasing decisions during the remainder of 2026.
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