Ultra-wealthy Indians are second to Saudis in shopping for luxurious properties in Dubai: Report

New Delhi [India], May 21 (ANI): Super-rich Indians are second to Saudi High Net Worth Individuals (HNWI) in shopping for luxurious properties in Dubai, in accordance with a report by international property consultancy Knight Frank.

The report provides that British residents are in third place after Indians in shopping for luxurious properties in Dubai.

Saudi HNWIs have the best common price range of USD 45.7 million, adopted by these from India at USD 44.6 million and UK residents with USD 30 million, as per the report.

Asian HNWIs have the bottom common price range amongst Knight Frank’s survey respondents; nevertheless, this was nonetheless a really wholesome USD 23 million.

Global actual property buyers selected Dubai’s Marina space (28 per cent) as their most popular location. Other places resembling Dubai Hills Estate (24 per cent) and Emirates Hills (23 per cent) had been the second and third locations chosen by rich patrons, as per the Knight Frank report.

Observing the developments, Shehzad Jamal, Partner – Strategy & Consultancy, MENA, mentioned, “For our wealthiest HNWI respondents (web price > USD 50 million), Dubai Marina (43 per cent) instructions the best curiosity, demonstrating the enduring attraction of the long-standing poster youngster of Dubai’s property market. For this group of super-rich patrons, Dubai Hills Estate (30 per cent) follows in second place, whereas Emirates Hills (22 per cent) rounds off the highest three doubtless house buy places.”

The 2025 version of the Destination Dubai report additional added that Dubai’s residential market skilled one other sturdy 12 months in 2024, with property values rising by 19.1 per cent to a median of United Arab Emirates Dirham (AED) 1,685 per sq. foot (psf), pushing costs to 13.3 per cent above the 2014 peak.

On common, villa sale costs grew by 19.6 per cent within the 12 months to the tip of Q1, reaching AED 2,088 per sf, reflecting a 107.6 per cent uplift on Q1 2020.

This sustained progress illustrates the sturdy attraction of stand-alone villas, beachfront houses and branded residences that present immediate entry to the Dubai life-style, the report added. (ANI)