In this work, a series of multicomponent rare-earth zirconate (RE2Zr2O7, RE=La, Nd, Sm, Eu, Gd or Yb) ceramics were synthesized using solid-state reaction method. The phase stability and key factors affecting the thermal conductivity and mechanical performances were investigated. These materials possess pyrochlore-fluorite dual-phase structure and show excellent high-temperature phase stability. (La1/2Yb1/2)2Zr2O7 displays a lower amorphous-like thermal conductivity (1.39–1.67 Wm−1K−1, 25–1000 °C), while other specimens present a 1/T-like dependence at low temperatures. (La1/5Nd1/5Sm1/5Gd1/5Yb1/5)2Zr2O7 exhibit higher hardness (11.37 ± 0.35 GPa) and fracture toughness (2.10 ± 0.11 MPa·m1/2) in comparison with others. Size disorder shows stronger correlations with the thermal conductivity of multicomponent dual-phase RE2Zr2O7 ceramics, while the influence of configurational entropy is more significant for mechanical properties. A synergistic increase in configurational entropy and size disorder is an effective strategy to enhance the comprehensive performance of multicomponent dual-phase rare-earth zirconates.