Dubai's super-prime property sales cling on to global top spot
Dubai has retained its place as the heartbeat of global super-prime property sales in the third quarter of 2026. There were 86 sales of $10m-plus properties in Dubai, worth $1.57 billion, according to Knight Frank’s global super-prime intelligence report, ahead of Hong Kong in second place with 78 sales worth $1.58 billion. However, activity in Dubai fell by 34 per cent in terms of number of…
Dubai remains the leading city for super-prime property sales globally in the third quarter of 2026, according to Knight Frank's intelligence report. There were 86 sales of $10m-plus properties in Dubai, totalling $1.57 billion. Hong Kong followed in second place with 78 sales worth $1.58 billion. However, Dubai's activity dropped by 34% in terms of number of sales and 28% by value compared to the previous quarter.
This marks the first decline since Q2 2022 for Dubai, while Hong Kong's aggregate value surpassed Dubai's for the first time in four years. Despite the slowdown, Dubai still leads globally, recording 525 super-prime transactions worth $9.25 billion over the past year. Across 12 markets, activity slowed by 19%, with 470 deals valued at $8.7 billion.
New York ranked third with 62 sales worth $1.08 billion, a 9% increase. Sydney saw the most significant growth, doubling its sales to 57, worth $724 million. London struggled, with a fall in sales from 46 to 42 and a halving of the value to $722 million. The average London sale fell from $31.7 million to $17.2 million. The key theme for 2027 is whether Hong Kong can sustain its resurgence.
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