A Landmark Year - Dubai’s Ultra-Prime Market Achieves Global Dominance
- tom9622
- May 22
- 2 min read
Dubai has quietly reaffirmed its place at the pinnacle of the global luxury property market, drawing $10 billion in investment for residences priced above $10 million in 2024. The city led the world in ultra-prime home sales for the second consecutive year, a reflection of its enduring allure among the world’s most discerning buyers.
This remarkable performance is not merely a question of scale, but of substance. With 435 transactions crossing the $10 million threshold last year, Dubai continues to set the pace for a market defined by sophistication, exclusivity and enduring global interest. At the same time, a notable decline in supply—down 40 percent year-on-year—has heightened competition and strengthened the position of truly exceptional homes.
Neighbourhoods such as Palm Jumeirah, Emirates Hills, Jumeirah Bay Island and District One remain at the forefront of demand, each offering its own expression of refined living. These addresses are not simply sought after for their location, but for the quality of life they afford—marked by architectural distinction, privacy and proximity to world-class amenities.
Dubai’s property market as a whole reached a total transaction value of $207 billion in 2024, driven not only by investor confidence but by continued population growth. Over 170,000 new residents were welcomed last year, underscoring the city’s ongoing transformation into a long-term home for a global community. In response, development continues at pace, with thousands of luxury villas planned or underway to meet rising demand.
Amid this thriving ultra-prime landscape, Maria Morris Global is proud to have represented one of the most significant transactions of the year: the sale of a bespoke, ultra-luxury villa in The Collection, which achieved a record price per square foot for Dubai. This discreet but extraordinary achievement reflects the increasing appetite for rare, one-of-a-kind homes and the growing sophistication of the city’s most exclusive enclaves.
In a market shaped by vision and guided by excellence, Dubai stands alone. For those seeking a lifestyle defined by discretion, design and global connectivity, it offers a rare and compelling proposition—one that continues to evolve, and elevate, with each passing year.
As Dubai continues to define the future of luxury living, we are proud to guide our clients toward homes that are as rare as they are remarkable. Speak to us for discreet access to the city’s most exclusive properties.
