Back to all Blog 19 June 2025

Dubai soars as global super-prime market ‘hits a new gear’

Agents report overall rise in $10mn property deals around the world, but ‘adverse taxation shifts’ take their toll in London.

The global super-prime property market has “hit a new gear” in 2025, according to agents, with total volumes reaching US$9.43bn in Q1. 527 deals went through above $10mn across the 12 markets tracked in the first three months of the year, up 6% on the same period in 2024 (498). Dubai continues to lead the pack in both deal count and volumes, logging 111 super-prime sales in Q1 with a total value of US$1.9bn. The city’s low tax environment is still proving a big draw for global capital, explained the report. In second place was New York with 75 deals (US$1.41bn), followed by Palm Beach (74 deals, US$1.35bn) and Miami (58 deals, US$1.29bn). Palm Beach’s rebound (from just 21 deals in Q3 2024) was “remarkable”, said the agency, while Miami’s tally marked a 35% year-on-year rise (with volumes almost doubling). At the other end of the scale, Hong Kong and London both cooled significantly in Q1 after a strong end to 2024. Hong Kong’s $10mn-plus deal count fell to 42 (down 31% year-on-year) and volumes halved to US$0.69bn; London saw just 34 such deals (-37%) amounting to US$0.59bn in value. “These pullbacks reflect typical post–year-end lulls, combined in London’s case with adverse taxation shifts,” added the research team.

Source: Lonres  

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