Dubai Luxury Property Market Booms: Russian, British & Indian Millionaires Lead Dh20M+ Purchases

Thursday, 10 July 2025

Dubai has witnessed a 110% year-on-year surge in Dh20 million+ property deals, with Russian, British, and Indian millionaires emerging as top buyers. Favorable tax laws, global connectivity, and high-end infrastructure are accelerating relocation trends to the emirate.

Key Highlights:

Luxury Real Estate Transactions Surge

110% increase in Dh20 million+ property transactions YoY
70% increase compared to H2 2024, per Espace Real Estate

Top Nationalities Buying High-End Properties

Russian, British, Indian, and European millionaires dominate luxury segment
Weakening dirham against GBP, INR, and euro boosts buyer interest

Favorable Economic Environment Driving Migration

Dubai attracts global HNWIs with zero income tax, world-class healthcare, global connectivity, and strong infrastructure
9,800 millionaire migrants expected to move to the UAE in 2025 (Henley & Partners)
UAE projected to attract Dh231 billion ($63B) in inbound wealth this year

Top Luxury Communities in Dubai by Transaction Value