Dubai Home Prices Set to Surge Again in 2025, Knight Frank Says

Home values to rise 8% in Dubai amid shortage: Knight Frank
Nearly 18% of homes sold since 2002 are now worth $1 million

A Sobha Realty advertisement on the side of a metro train station near residential skyscraper buildings in Dubai.Photographer: Natalie Naccache/Bloomberg

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By Zainab Fattah

December 3, 2024 at 8:00 AM UTC

This article is for subscribers only.

Dubai home prices are likely to climb further next year after already surging 20% in 2024, marking an extension of the unabated recovery that started after the pandemic, Knight Frank said.

For the overall market, residential values are set to rise 8% next year while they will rise 5% on average for luxury properties, the broker said in a new report.