Dubai's Luxurious Real Estate: Saudi and Indian Tycoons Dominate Multi-Million Dollar Property Market

Dubai: Affluent Saudi citizens and Indians lead the investment in the emirate's high-end real estate sector, maintaining its allure as a prime location for those possessing personal wealth exceeding $20 million.

This is the purchasing customer base that has driven the continuous increase in demand. super-luxury homes in Dubai - This appears to be a trend that will continue for some time. Steel magnate Lakshmi Mittal was the most recent billionaire to purchase a residence in Dubai, specifically in Emirates Hills, for an impressive $100 million.

Indeed, an impressive 71% of worldwide high-net-worth individuals identified Dubai as their favoured emirate within the UAE for property investment. The inclination is particularly strong amongst wealthy Saudis (80%), with significant interest also shown by Britons (74%), Indians (69%), and East Asians (61%).

Billionaire Lakshmi Mittal purchases £95 million property in Dubai's Emirates Hills

“In 2024, residents from Saudi Arabia, India, and Britain made up more than half of the properties sold by Knight Frank in Dubai,” stated Will McKintosh, Regional Partner – Head of Residential, MENA at Knight Frank.

Whether you're talking about Bollywood stars and Hollywood celebs or influential global business leaders, they all share the same view: Dubai is where you go for purchasing properties.

“Shehzad Jamal, Partner – Strategy & Consultancy, MENA at Knight Frank, stated that ‘the ultra-wealthy continue to concentrate intensely on acquiring luxurious urban residences.’ He added that this consistent demand has made Dubai the global leader in transactions involving properties priced above $10 million for the consecutive second year.”

In the previous year, Dubai witnessed 435 residential transactions exceeding $10 million each, nearly matching the total of such sales in both London and New York together. By the first quarter of 2025, this trend continued as an additional 111 properties were sold at over $10 million, marking the highest figure recorded for any January-to-March timeframe.

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