Dubai ranked second globally for growth in prime residential property prices.
Dubai: The UAE is expected to attract a growing number of ultra-wealthy individuals, with the population of those holding more than $30 million in assets projected to rise from 4,851 in 2026 to 6,588 by 2031, according to the 2026 Wealth Report by Knight Frank.
The forecast places the UAE among the fastest-growing markets for high-net-worth individuals globally, supported by its appeal as a business hub and the continued strength of its real estate sector. Dubai, in particular, ranked second worldwide for growth in prime residential property prices.
Data from the report highlights strong momentum in Dubai’s luxury property market, where prices rose by 25.1 per cent over the past year and by 193.9 per cent over five years.
The number of transactions exceeding $10 million also rose sharply, from 113 deals in 2021 to 500 in 2025, reflecting sustained demand for high-end assets.
The report highlights Dubai’s position as a key destination in global wealth migration, attracting investors and high-net-worth individuals seeking stability, connectivity, and favourable business conditions, often in preference to more traditional centres such as New York City and London.
Across the Middle East, prime property prices rose by an average of 9.4 per cent in 2025, driven largely by Dubai’s performance.
At the same time, Abu Dhabi has gained momentum as an alternative investment destination, attracting international buyers through its strong financial ecosystem and expanding cultural landscape, including institutions such as Louvre Abu Dhabi and the planned Guggenheim Abu Dhabi.
