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Key Points

Ultra-wealthy Indians are the second-biggest buyers of Dubai luxury homes, just behind Saudis. The average Indian budget for these properties stands at $44.6 million, slightly below Saudi spending. Dubai Marina remains the top choice for super-rich investors, followed by Dubai Hills Estate. The city's property market saw a 19% price surge in 2024, with villas experiencing the sharpest growth.

Key Points: Ultra-Rich Indians Trail Saudis in Dubai Luxury Property Purchases

  • Saudi HNWIs lead with $45.7M budgets
  • Indians spend $44.6M on Dubai homes
  • Marina tops luxury hotspots at 28% preference
  • Villa prices surged 19.6% in 2024
2 min read

Ultra-wealthy Indians are second to Saudis in buying luxury properties in Dubai: Report

Indians rank second to Saudis in Dubai luxury home buys with $44.6M average budgets, outpacing British buyers, says Knight Frank report.

"Dubai Marina commands the highest interest for super-rich buyers, demonstrating its enduring appeal. – Shehzad Jamal, Knight Frank"

New Delhi, May 21

Super-rich Indians are second to Saudi High Net Worth Individuals (HNWI) in buying luxury properties in Dubai, according to a report by global property consultancy Knight Frank.

The report adds that British citizens are in third position after Indians in buying luxury properties in Dubai.

Saudi HNWIs have the highest average budget of USD 45.7 million, followed by those from India at USD 44.6 million and UK citizens with USD 30 million, as per the report.

Asian HNWIs have the lowest average budget among Knight Frank's survey respondents; however, this was still a very healthy USD 23 million.

Global real estate investors chose Dubai's Marina area (28 per cent) as their preferred location. Other locations such as Dubai Hills Estate (24 per cent) and Emirates Hills (23 per cent) were the second and third places chosen by wealthy buyers, as per the Knight Frank report.

Observing the trends, Shehzad Jamal, Partner - Strategy & Consultancy, MENA, said, "For our wealthiest HNWI respondents (net worth > USD 50 million), Dubai Marina (43 per cent) commands the highest interest, demonstrating the enduring appeal of the long-standing poster child of Dubai's property market. For this group of super-rich buyers, Dubai Hills Estate (30 per cent) follows in second place, while Emirates Hills (22 per cent) rounds off the top three likely home purchase locations."

The 2025 edition of the Destination Dubai report further added that Dubai's residential market experienced another strong year in 2024, with property values rising by 19.1 per cent to an average of United Arab Emirates Dirham (AED) 1,685 per square foot (psf), pushing prices to 13.3 per cent above the 2014 peak.

On average, villa sale prices grew by 19.6 per cent in the 12 months to the end of Q1, reaching AED 2,088 per sf, reflecting a 107.6 per cent uplift on Q1 2020.

This sustained growth illustrates the strong appeal of stand-alone villas, beachfront homes and branded residences that provide instant access to the Dubai lifestyle, the report added.

- ANI

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Reader Comments

R
Rajesh K.
While it's great to see Indian wealth being recognized globally, I wish our ultra-rich would invest more in Indian real estate too. Imagine if even 10% of this money went into affordable housing projects back home! 🇮🇳
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Priya M.
Dubai's property market is booming! No wonder Indians love it there - great infrastructure, tax benefits, and that luxury lifestyle. But ₹330 crore average budget? That's insane money! 😲
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Amit S.
This shows how much wealth is being generated in India, which is positive. But we must ensure this wealth trickles down to create more opportunities. Also interesting how we're beating the British at their own game of global property investments!
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Sunita R.
Marina area is beautiful but so expensive! I visited last year and was amazed by the skyscrapers. Good to see Indians making their mark, though I wonder how many actually live there vs just investing.
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Vikram J.
The tax-free status is the real attraction. Many NRIs prefer Dubai over India for property because of simpler regulations and no capital gains tax. Our government should take note and make Indian real estate more attractive for high-value investments.
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Neha P.
While this is impressive, it also highlights the growing wealth inequality in our country. The same report mentions Asian HNWIs have "lowest" budget at $23M - that's more than most Indians will earn in 100 lifetimes! We need balanced development.

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