Knight Frank Global Super-Prime Intelligence Q3 2025

The super-prime market eased in Q3 2025 after a strong second quarter. Fewer large deals came through across the main global hubs, yet activity stayed high by long-term standards. Dubai kept its lead, while New York and Los Angeles followed with slower but steady movement. Knight Frank’s latest review shows a market shaped by politics, tax shifts and tight stock, but still proving its resilience over the year.

Key findings include:

1. Global super-prime activity eased in Q3 2025, as a thinner pipeline moderated deal flow following a strong Q2.
2. Across the key 12 key markets, we tracked 474 US$10 million-plus transactions, down 21% quarter-on-quarter, with an aggregate sales value of US$8.5 billion (-29% QoQ)
3. The average sale price settled at US$18 million, down from US$20million in Q2.
4. Dubai retained its global lead by both deal count and value, while New York and Los Angeles remained the next largest markets despite slower activity.

Liam Bailey, Global Head of Research at Knight Frank, commented: Quarterly volatility is a feature, not a bug, of the super-prime segment. Q3’s slower print follows a surge in Q2 and reflects politics (New York), taxes (London), and limited stock (Dubai) conspiring to weigh on activity. Despite this, the 12-month totals remain robust and are surpassed only by the post-Covid surge in 2021, pointing to long-term resilience.

Read the full report Knight Frank Global Super-Prime Intelligence Q3 2025

Pia Arrieta, 24 Nov 2025 - News