Dubai’s ultra-luxury real estate market recorded increased activity in the first half of 2026. According to the Engel & Völkers Middle East Dubai Residential Property Market Report H1 2026, 320 homes priced above US$10 million were sold between January and June 2026.
These transactions totalled US$6 billion, representing a 23% year-on-year increase in transaction volume and 9.7% of Dubai’s total residential sales value. These figures are specific to Engel & Völkers; Knight Frank published a different total for the same period, so the two datasets should not be combined.
How Many Luxury Homes Were Sold in Dubai in H1 2026?
The Engel & Völkers report provides the following H1 2026 figures:
- 320 residential transactions above US$10 million
- US$6 billion in combined transaction value
- 23% year-on-year growth in the number of ultra-luxury transactions
- 9.7% of total residential sales value attributable to this segment
- 80,509 residential sales across Dubai
- AED 226.5 billion in total residential transaction value
Although 320 ultra-luxury transactions represented less than 0.4% of the 80,509 home sales, they accounted for 9.7% of overall residential sales value.
Top Dubai Areas for Home Sales Above $10 Million
According to Engel & Völkers, Palm Jumeirah and Dubai Hills Estate tied for the highest number of sales above US$10 million:
- Palm Jumeirah: 53 transactions
- Dubai Hills Estate: 53 transactions
- Palm Jebel Ali: 40 transactions
- Jumeirah: 21 transactions
The report also highlights high-value deals in Jumeirah, Jumeirah Asora Bay and around the Dubai Water Canal.
Dubai’s Highest-Value Residential Transactions in H1 2026
Three notable transactions listed in the Engel & Völkers report illustrate activity at the top end of the market.
Aman Residences, Jumeirah 2
An off-plan apartment at Aman Residences in Jumeirah 2 sold for AED 422 million (approximately US$114.9 million), making it the highest-value residential transaction reported for H1 2026.
Jumeirah Asora Bay
An off-plan villa at Jumeirah Asora Bay sold for AED 350 million (approximately US$95.3 million).
Jumeirah Bay Island
A completed villa on Jumeirah Bay Island changed hands for AED 340 million (approximately US$92.6 million).
Dubai Residential Property Market: H1 2026 Overview
Engel & Völkers recorded 80,509 home sales worth AED 226.5 billion in the first half of 2026. Off-plan properties accounted for 71.3% of transactions, with AED 133.1 billion in sales value. Secondary-market transactions totalled AED 93.4 billion.
Homes priced below AED 2 million accounted for more than 61% of sales. By property type, apartments represented 83.6% of transactions, townhouses 10.8% and villas 5.6%.
Why Engel & Völkers and Knight Frank Report Different Figures
The two research firms published different H1 2026 estimates for Dubai home sales above US$10 million. Engel & Völkers reported 320 transactions worth US$6 billion, up 23% in number year on year.
Knight Frank reported 296 transactions worth US$5.1 billion, representing 16% growth in transaction count and 14% growth in transaction value. Its figures comprise 165 transactions in Q1 and 131 in Q2. Knight Frank also identified 26 home sales above US$25 million during the six-month period.
Because these datasets are not identical, each figure should always be attributed to its respective research provider.
Leading Luxury Locations According to Knight Frank
Knight Frank’s ranking for US$10 million-plus home sales was:
- Dubai Hills Estate: 51 transactions
- Palm Jumeirah: 50 transactions
- Palm Jebel Ali: 40 transactions
Knight Frank also identified the AED 422 million Aman Residences apartment sale as the period’s highest-value residential deal.
Dubai Ultra-Luxury Property Market: Key Takeaways
Engel & Völkers reported 320 residential sales above US$10 million, with a combined value of US$6 billion and 23% annual growth in transaction count in H1 2026. Palm Jumeirah and Dubai Hills Estate led its area rankings, with 53 sales each. The AED 422 million Aman Residences transaction topped the reported sales.
Knight Frank’s separate research recorded 296 transactions worth US$5.1 billion. When presenting Dubai luxury real estate statistics, keeping these figures tied to their respective sources is essential.
Frequently Asked Questions
Q: How many Dubai homes sold for more than $10 million in H1 2026?
Engel & Völkers reported 320 sales; Knight Frank separately reported 296.
Q: What was the total value of the 320 transactions?
According to Engel & Völkers, their combined value was US$6 billion.
Q: How much did ultra-luxury home sales grow?
Engel & Völkers reported 23% annual growth in transaction count, while Knight Frank reported 16% using its own dataset.
Q: Which areas recorded the most sales?
In Engel & Völkers’ figures, Palm Jumeirah and Dubai Hills Estate led with 53 each, followed by Palm Jebel Ali with 40 and Jumeirah with 21.
Q: What was the most expensive home sale?
Both research providers identified a six-bedroom apartment at Aman Residences in Jumeirah 2, sold for AED 422 million.
