Saudis and Indians are the buyers of Dubai luxury homes

Dubai’s luxury property market is witnessing a powerful surge, with the super‑rich from Saudi Arabia and India leading the charge in purchases of multi‑million‑dollar homes. Wealthy Saudi nationals and Indian high‑net‑worth individuals (HNWIs) are among the largest investor groups in Dubai’s luxury segment—particularly active in ultra‑premium areas such as Emirates Hills and Palm Jumeirah.

80% of Saudi HNWIs and 69% of Indian HNWIs name Dubai as their preferred emirate for real‑estate acquisition, well ahead of other nationalities. In 2024, Dubai recorded an astounding 435 sales of homes priced over US $10 million—almost matching combined totals from New York and London. In Q1 2025 alone, there were 111 such ultra‑luxury deals, setting a new record for any January–March period.

Indian investors remain the largest foreign nationality in Dubai’s broader real‑estate market—accounting for around 22–23% of residential transactions in 2024–25, and investing over AED 30 billion (≈ USD 8.2 billion) in 2024 alone. Meanwhile, Saudi buyers hold about 11% of this foreign buyer share, drawn by cultural ties, ease of travel, and Dubai’s diversified, tax‑efficient economy.

The demand is concentrated in ultra‑prime communities like Emirates Hills, Palm Jumeirah, and Dubai Marina—home to bespoke mansions and mega‑villas. Notably, steel tycoon Lakshmi Mittal purchased a US $100 million residence in Emirates Hills, highlighting the appeal of Dubai’s exclusive enclaves.

In sum, Dubai’s luxury‑home market in 2025 is powered by elite capital flows—particularly from super‑rich Saudis and Indians—fueled by tax incentives, residency programs (like the Golden Visa), and a global shift toward wealth preservation in politically stable havens. This investment wave is reshaping Dubai’s skyline and reinforcing its status as a premier ultra‑luxury destination.

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