Dubai’s Property Gold Rush Led by Saudi, Indian Buyers

Dubai’s luxury real estate market is booming like never before, and ultra-wealthy Indians are right at the top—second only to buyers from Saudi Arabia. This insight comes from the latest Wealth Report 2025 released by international property expert Knight Frank.

Indian Millionaires Rise as Big Spenders in Dubai

According to Knight Frank, India’s ultra-rich are now the second-largest group of luxury property buyers in Dubai, trailing just behind Saudi nationals. The report studied property purchases above $10 million in 2024, where Indians made a significant mark.

This is not just a trend—it’s a major shift in global real estate investment patterns. It shows how India’s growing class of millionaires and billionaires is spreading their wealth beyond domestic borders.

Why Are Indians Investing Heavily in Dubai?

There are several key reasons why Dubai is attracting India’s richest citizens:

1. Close Proximity and Ease of Travel

Dubai is just a few hours by flight from major Indian cities like Mumbai, Delhi, and Bangalore. This makes it an easy second home location for many Indian business families.

2. No Income Tax and Business-Friendly Rules

Dubai offers a zero-income-tax environment, free zones, and simple business registration processes. These benefits are especially attractive to entrepreneurs, start-up founders, and business tycoons.

3. Safe and Luxurious Lifestyle

Dubai offers world-class safety, clean streets, and luxury in every corner—from shopping to hotels to private villas. It’s perfect for families who want a blend of comfort, culture, and class.

4. Golden Visa Opportunities

The UAE’s long-term residency programs like the 10-year Golden Visa have made it easier for investors and their families to settle down with fewer restrictions. This is a big pull for Indians seeking global citizenship-like perks.

Surge in $10 Million+ Property Deals

Knight Frank’s data shows that in 2024, Dubai recorded 431 ultra-prime property sales (homes priced over $10 million). This marked a 91% increase over the previous year.

While Saudi citizens bought the highest number of such properties, Indian nationals followed closely, beating out buyers from the UK, Russia, China, and the USA.

Indians Among the World’s Fastest Growing Millionaire Populations

India now has the third-largest population of billionaires in Asia. It is also one of the fastest-growing countries in terms of ultra-high-net-worth individuals (people with a net worth of over $30 million).

The report predicts that India will see a 50% jump in its UHNWI population by 2029, further pushing demand for international luxury real estate—especially in hotspots like Dubai, London, and Singapore.

Which Dubai Areas Are Most Popular with Indians?

The most favored areas among Indian buyers include:

• Palm Jumeirah: Known for its beachfront villas and sky-high towers.
• Downtown Dubai: Luxury apartments close to Burj Khalifa and Dubai Mall.
• Dubai Marina: Offering waterfront lifestyle with international vibes.
• Business Bay: A top choice for investors looking for rental returns.

High-net-worth Indians are purchasing everything from waterfront mansions to penthouses in these exclusive neighborhoods, often paying in full and upfront.

Real Estate Experts See This Trend Growing

Real estate experts believe this is just the beginning of a new era.

“India’s new rich are younger, global-minded, and investment-savvy. Dubai’s real estate market fits their lifestyle aspirations perfectly,” said a Dubai-based luxury property consultant.

Dubai developers are also increasingly customizing offerings to suit Indian tastes—from vegetarian kitchens to Vastu-compliant designs. Several Indian celebrities and business leaders already own homes there, which adds to the appeal.

Global Impacts of Indian Investment

With Indians buying more property abroad, especially in premium segments, developers in Dubai and elsewhere are now marketing directly to Indian investors.

At luxury property expos in Mumbai, Delhi, and Hyderabad, Dubai projects are taking center stage. Special discounts, investor visas, and personalized tours are all part of the pitch.

Even India-based wealth managers and family offices are now creating special packages for clients looking to invest in Dubai real estate, including legal support and relocation advice.

Conclusion: A New Era of Indian Global Wealth

The rise of Indian buyers in Dubai’s luxury property market highlights a bigger story—the growing global footprint of Indian wealth. With favorable economic trends, supportive policies, and a youthful investor base, India’s elite are no longer just buying in Mumbai or Delhi—they’re going global.

As Dubai continues to attract foreign investors with its lifestyle, stability, and tax advantages, Indians are set to become even more dominant players in this ultra-luxury space.

Knight Frank’s report is a clear signal: the Indian rich are here, and they’re buying big—with Dubai as one of their top playgrounds.

Also read – Global Wealth Floods into Dubai’s Booming Real Estate Scene