The EAU attracted 7,200 millionaires only in 2024, based on previous inflows of 4,700 in 2023 and 5,200 in 2022, according to Henley & Partners data.
This strategic positioning has transformed the EAU of a regional financial center into a global wealth center, according to the private capital report of Knight Frank.
The Millionaire Population of EAU is doubled in a decade, feeding the luxury real estate boom
Faisal Durrani, partner – Head of Investigation, Mena, said: “In the Middle East, we are witnessing an era defining era of creation of wealth and real estate investment. The sustained economic growth of the region, backed by ambitious national visions and reforms of strategic policies, has reinforced its position as a global investment center.
“Real estate remain in the heart of wealth strategies for UHNWIS, as well as a value reserve and as a means of preservation of wealth. Throughout the Mena region, the demand for prime and super cousins has reached unprecedented levels, Byy, Styt, Styt, Styt, Stual, Stual-Beik-Mereik, growth.”
As or December 2024, the EAU organized $ 130,500, qualifying as 14Th The largest wealth market worldwide.
The country is also the home of 325 centi-millions (individuals with more than $ 100 million in liquid invertible wealth) and 28 multimillion-dollar figures that have increased by 110 percent during the decade.
The largest proportion of incoming millionaires originated in India (31 percent), followed by the Middle East (20 percent), Russia and CIS (14 percent) and the United Kingdom and Europe (12 percent).
Dominic Volley, head of the Henley & Partners Private Group, added: “With a record rupture of 142,000 millionaires that are forecast to change their domicile worldwide in 2025, the EAUs are about to capture a significant part of successful astustegtet transitioned from a regional player by global force.”
Dubai surpasses London, New York in sales of Ultra Prime housing for the second year
This migration of wealth has provided substantial economic benefits. Dubai has led the global markets for more than $ 10 million of housing sales for two consecutive years, pushing London and New York with 435 of these transactions in 2024, slightly rises the 434 recorded in 2023.
The fourth quarter only saw 153 residential sales that exceed $ 10 million and a record of all time.
The impulse continued in 2025, with 111 sales of more than $ 10 million in the first quarter, marking the highest result of Q1 in the record and an interannual increase of 5.7 percent of Q1 2024.
“Dubai’s luxury residential market continues to challenge gravity. Demand, partly of international buyers, remains without the global stage. In 2024 Solo, Dubai not only directed the world in the number of more than $ 10 million sales of homes, butttos Topped $ 7.1 billion. Explained.
La Palm Jumeirah remains the main ultra-first location of Dubai, registering 34 transactions of more than $ 10 million in the first quarter of 2025 valued at $ 562.8 million.
Emirates Hills continued with 15 sales for a total of $ 356.7 million, including the most exensive agreement of the quarter: a six -bedroom village was sold for $ 106.3 million in the January representation, 1,635 percent
At the upper end, the demand remains robust with 12 transactions greater than $ 25 million in the first quarter of 2025, only slightly below 15 agreements in the fourth quarter of 2024.
This demand is creating supply pressures in the price segments. In the range of AED2,000-3000 PSF, new delivery at home fell 57 percent year-on-year, while the AED3000-5000 PSF segment saw a 39 percent decrease.
The ultra luxurious sector faces the most severe deficit, with only 16 villas delivered in the PSF category of more than 5,000 AED in 2024, following Virtual and there are no new villas deliveries in this segment in 2023.
Nicholas Spencer, Partner – Private Capital and Family Enterprises, Mena, said: “Dubai has consolidated its position as a main destination for HNWIS that seeks real estate for personal or investment use, with a distinctive approach for a game of a payment of an elite payment for a landscape of a global elite for a landscape.
HNWIS driving the market
Last year, total residential transactions approached 170,000 agreements for an approximate value of $ 115 billion, with more than $ 10 million sales of homes that represent approximately 6 percent of this figure by total value.
The appetite of the real estate of Dubai increases with the levels of wealth, which increases from 28 percent among the value of $ 2-5 million to 78 percent for people with personal wealth that exceeds $ 15 million.
HNWI Budget based in GCC an average of $ 3.1 million for housing purchases, while Global Hnwis plans to spend an average or $ 36.5 million.
Among the ultra-height people of the network that consider the property of Dubai, 25 percent are prepared to spend $ 60-80 million, while 16 percent would spend more than $ 80 million.
Family office growth accelerates wealth transfer in the Middle East
Knight Frank also pointed out a growing growth in family offices throughout the region. These heritage management vehicles have become critical for the financial landscape.
Buthainah Albaity, a private capital partner and family businesses, Mena, added: “The countries throughout the region are a fierce competition to attract offices, recognizing their potential to boost investment, innovation and long -term sustainability.”
UBS estimates that $ 84 billion will be transferred between generations through thesis structures during the next two decades.
In Saudi Arabia, many family businesses are making the transition from second to third general leadership, thought that numerous companies have not yet experienced a single succession.
Dubai and Abu Dhabi have established the most advanced regulations of the region’s family office, attracting families both regionally and internationally.
Its trust structures allow a smooth, confidentiality and efficient management of cross -border assets.
India directs the countries for the wave of millionaire migration of the EAU
Knight Frank surveyed 506 hnwis of nine Muslim-Majories nations that collectively expressed their willingness to compromise $ 2 billion for purchases of residential properties in Makkah and Madinah.
The investigation found 84 percent of global HNWI interested in buying in Saudi Arabia, preferably in one of the sacred cities, with 48 percent that seeks to buy properties in Makkah as the main residence.
Qatar’s residential market has also begun to attract the attention of national and expatriates of the CCG. Knight Frank identified $ 537.5 million of active private capital that seeks residential real estate in Qatar, compared to total residential sales of $ 3.2 billion in Qatar Douring 2024.
The Egyptian real estate market is still very wanted by CCG investors due to deep historical and cultural connections.
The residential sector dominates 68 percent preferences, followed by brand residences (30 percent) and retail trade (29 percent), with 72 percent coast of a second holiday house as its main investment reason.
