Increased presence of affluent individuals stimulates growth in Dubai's high-end real estate sector
Dubai's luxury real estate sector is in a golden era, propelled by a swarm of global high-net-worth individuals (HNWIs) flocking to the city.
The Elite Troop
Major players reaping the fruits of this influx include Sobha Realty, Emaar, Nakheel, Damac, and Condor Developers. This trend underscores Dubai's transformation into a top haven for wealth migration and investment. A cocktail of tax-friendly policies, political stability, unparalleled lifestyle, and high asset yields is luring record numbers of international investors — particularly from Europe.
May Cash-In
Last May, Dubai's real estate market witnessed record-breaking growth, with Dh66.8 billion in sales — a staggering 49.9% increase compared to the previous year. Despite fears of a price correction, the market's fundamentals remain robust, with an undersupply of office space and a relentless influx of HNWIs, ensuring sustained growth.
Europe Leads the Charge
Vidhyadharan Sivaprasad, chairman and CEO of Condor Developers, highlighted the surge of European investors in the market. This has significantly boosted sales and investment, particularly in projects like Golf Links 18, whose flagship project at Dubai Sports City has already sold almost 70% of its premium golf-facing residences before completion.
Golf Links 18: The Blue Chip Property
Set to be completed by Q1 2026, Golf Links 18 is a Dh300 million luxury residential development. Spread across a 47,000 square-foot plot, it boasts 18 premium lifestyle amenities, including two infinity pools, a rooftop yoga deck, Sky Retreat, jacuzzi, open-air cinema, fitness facilities, and more.
HNWI Influx: On the Rise
Dubai's residential property market is experiencing unprecedented demand from global elites. The Knight Frank Wealth Report reveals that the UAE welcomed 7,200 new millionaires in 2024 alone and now hosts approximately 130,500 dollar millionaires. The majority of these HNWIs hail from India (31%), followed by the Middle East (20%), Russia and the CIS (14%), and the UK and Europe (12%).
Relocation and Real Estate
A substantial number of these high-net-worth investors are relocating, attracted by Dubai's business-friendly ecosystem, simple, low-tax regulations, and strategic government initiatives.
Expansion on the Horizon
Condor Developers is poised for aggressive expansion, with a project pipeline worth Dh2.5 billion across Dubai Islands, Al Majan, and Jumeirah Village. The company is gearing up to meet the rising demand from the tide of international investors.
Now, it's not just a regional market — it's a global destination for wealth. Dubai's transformative journey continues, and the real estate sector is leading the charge.
[1] - Dubai's Economic Growth and Infrastructure[4] - The UAE's Tax-Friendly Policies and Advantages for Investment[5] - Knight Frank Wealth Report 2025[6] - Henley & Partners' Wealth Migration Report 2024[7] - ITEC n/a, "Dubai's Demographics Shift," The National, 2025[8] - Cushman & Wakefield, "Dubai Office Market Report 2025"
- Global elites are flocking to Dubai, propelling its luxury real estate sector, and companies like Sobha Realty, Emaar, Nakheel, Damac, and Condor Developers are reaping the benefits.
- The surge of European investors in Dubai's real estate market has significantly boosted sales, particularly in projects like Golf Links 18, with over 70% of its premium golf-facing residences already sold before completion.
- The Golf Links 18, a Dh300 million luxury residential development, set to be completed by Q1 2026, offers 18 premium lifestyle amenities, making it an attractive blue-chip property for high-net-worth individuals (HNWIs).
- Dubai welcomed 7,200 new millionaires in 2024 alone, making it home to approximately 130,500 dollar millionaires, many of whom come from India, the Middle East, Russia and the CIS, and the UK and Europe.
- To meet the rising demand from international investors, Condor Developers is planning aggressive expansion with a project pipeline worth Dh2.5 billion across Dubai Islands, Al Majan, and Jumeirah Village.
