Dubai has officially entered the list of the top 10 most expensive cities worldwide for high-net-worth individuals (HNWIs), driven by surging demand for prime real estate, luxury services, and exclusive amenities. This growth reflects the city’s evolution into a global magnet for the ultra-rich.

High demand for branded residences, off-plan villas, and waterfront penthouses has pushed luxury home prices up by over 20% year-on-year, according to Knight Frank. Developers like Meraas, Damac, and Omniyat are fueling this demand with ultra-luxury projects that blend lifestyle, exclusivity, and investment appeal.

While rising costs may challenge some, the city’s tax-free environment and Golden Visa program continue to attract investors and expatriates seeking stable, high-return markets. Dubai’s appeal lies not only in property but also in its reputation for safety, connectivity, and modern infrastructure.

Analysts expect luxury demand to stay strong through 2026, cementing Dubai’s position as a prime hub for global wealth migration and premium property investment.