As the Knight Frank Global Super-Prime Intelligence report shows, Dubai is leading the way in terms of the number of deals. Whereas London is losing ground.
In total for one fourth quarter of 2025 Dubai has 555 deals worth $10.3 billion. The growth is 17% in number and 20% in volume. At the same time, the average check of a deal amounted to $18.6 million
The top 3 in Q4 2025 were: Dubai – 143 deals (for $2.5 billion); Hong Kong – 81 deals and New York – 57 deals.
In general, in 2025 on the market of expensive real estate this arrangement:
leader again Dubai: 500 deals ($9 bln)
New York: 326 deals
Los Angeles: 261 deals
Hong Kong: 232 deals
London: 161 deals in total ($3.07 bln)
Wealth taxes, real estate taxes and pressure on non-dom status did the trick, although London still remains in the top 10, ranking 7th.
The number of the super-rich is predicted to increase by another third by 2030. Where all these people will go is an open question. So far, there is a clear trend for luxury housing in the Middle East and Asia. Dubai, Phuket and all those trying to catch up are turning from “just resorts” into premium locations.
