Wealthy buyers race for Dubai ultra-luxury homes amid supply squeeze

Dubai’s luxury real estate market is poised for continued momentum, with prices in prime locations expected to remain firm or appreciate further, driven by a limited supply of ultra-luxury properties. Demand for ultra-luxury homes in Dubai, including those in prime and waterfront locations, made a major bounce back during the first month of 2025, with wealthy buyers seen lapping up multi-million housing and land assets, industry players said.