Last updated: July 12, 2025
Dubai: An Emirates Hills villa – The Marble Palace – that sold for Dh425 million is the costliest Dubai residential deal in the first six months of 2025. That was followed by a Dh330 million deal for a home on Jumeira Bay island, which also had two other placements in the Top 10 residential sales in Dubai during the period.
“Dubai is no longer simply a hotspot for speculative investors but a permanent home for the world’s elite,” observed Daniel Hadi, CEO of Engel & Volkers Middle East.
More than 3,700 properties found buyers for prices of Dh10 million and over in H1-2025, up 62.7% from last year.
In third place among the costliest homes sold was one at Palm Jumeirah, for Dh300 million, just above two Jumeira Bay island properties that fetched Dh225 million and Dh190 million.
Another Palm Jumeirah home found a buyer for Dh180 million. (BothPalm units featuring in the Top 10 were bought offplan, according to Engel & Volkers’ data.)
“With 62% growth in Dh10 million-plus sales and a growing population of resident millionaires, the luxury segment is no longer a niche – it is central to Dubai’s real estate identity,” said Hadi.
“From Emirates Hills to Palm Jebel Ali, we’re seeing a structural shift in demand from global capital moving here for the long term.”
The UAE is expected to attract 9,800 new millionaires in 2025 – that’s more than any other country, according to the consultancy Henley & Partners.
Dubai’s priciest home deals in 2024
- 5-bedroom apartment in One at Palm Jumeirah gets Dh275 million (secondary market sale)
- 6-bedroom villa in Jumeirah Bay island takes Dh240.5 million (secondary market)
- 6-bedroom villa in Eome, Palm Jumeirah goes for Dh203 million (offplan)
