Property consultancy Knight Frank counted 86 home sales worth $10 million or more in Dubai in the third quarter of 2026. Together these deals were worth about AED 5.77 billion. Thirteen of them were above $25 million, and that small group accounted for almost a third of the total value.
Palm Jumeirah was again the leading location, with 27 sales worth about AED 2 billion, followed by Jumeirah, Emirates Hills, Dubai Hills Estate and Jumeirah Golf Estates. Villas made up roughly two thirds of all transactions.
The number of sales was lower than in the second quarter (131) and in the same period last year (103). Across the ten main prime neighbourhoods, Knight Frank says prices eased by 5% from the previous quarter, the first decline since 2020. The firm names regional tensions as the main brake on activity and notes that a summer dip in this segment is historically not unusual.
Over the first nine months of 2026, 412 such deals were recorded, compared with 357 a year earlier, an increase of about 15%. Knight Frank notes that buyers on Palm Jumeirah are mainly looking for a permanent or second home rather than a quick resale. A calmer quarter usually gives long-term buyers more choice and more room to negotiate, while underlying demand at the top of the market remains in place.
