Knight Frank says that even though activity slowed down a lot in the third quarter of 2026, Ubai remained the world's busiest super-prime residential market by number of $10 million-plus sales, taking the top spot.
The real estate firm's Global Super-Prime Intelligence report shows that in Q3, Dubai saw 86 such sales worth $1.57 billion, Hong Kong 78 and New York 62. Knight Frank said a second straight quarterly drop showed that the fast pace seen at the beginning of 2026 had slowed.
With an influx of millionaires and other very wealthy people, Dubai's luxury real estate market has done very well over the years.
In its most recent report, real estate firm CBRE also said high-end and luxury areas are doing better than other areas that aren't as well positioned. With sales worth $1.58 billion compared to $1.57 billion in Dubai Hong Kong just barely beat Dubai in terms of total value. Hong Kong ranked first by value for the first time since Q2 2022.
Sales in Hong Kong fell 16% from the second quarter, but were 39% higher than a year ago, in both number and value. Activity in super-prime loans slowed down in the third quarter, but a change in leadership is the bigger story." For the first time in four years, Hong Kong was worth more than Dubai. Sydney also had a record quarter, according to Liam Bailey, Global Head of Research at Knight Frank.
