Dubai records 296 luxury home sales over $10 million in H1 2026, valued at $5.1 billion

Summary:

Dubai's luxury residential market showed remarkable resilience in the first half of 2026, achieving record ultra-prime home sales despite regional uncertainty. A total of 165 sales over $10 million occurred in Q1, followed by 131 in Q2, generating $5.1 billion in sales, a 14% increase from 2025. The market's stability is attributed to strong economic fundamentals, government initiatives, and increasing global wealth migration. Despite geopolitical tensions, investor confidence remains high, particularly in prime neighborhoods, although some price moderation has been noted. The changing profile of buyers, now more end-user focused, further supports market stability.