Dubai overtakes London in the luxury real estate race

Dubai continued to consolidate its position in the luxury real estate market, after recording sales of homes worth more than $10 million, equivalent to three times their counterparts in London during the period from January to September 2025, according to what was reported by Bloomberg. The agency said that while the real estate market in the British capital has suffered a noticeable decline since 2020, Dubai continues to achieve new records, benefiting from the momentum that followed the Corona pandemic.

Real estate prices in Dubai have risen by about 70% since the end of 2019, driven by the significant growth in luxury residential communities, in addition to the increasing interest of British buyers in the local market.

The agency noted that this boom enhances Dubai’s attractiveness as a global financial center, as it has succeeded in attracting major financial institutions, including the global hedge fund Citadel, which announced the opening of an office in the emirate next year, which would support the flow of talent and investments to the region.