Contrary to expectations, Dubai’s real estate market doesn’t slow down during Ramadan—it gains momentum. Data from 2023 and 2024 highlight substantial growth in transactions, property values, and investor confidence, reinforcing Ramadan as a prime period for property investments.
Significant Surge in Sales and Transactions
Dubai’s property market remained highly active in Ramadan 2024:
- Total Transactions: 12,313, marking a 39% increase from 8,846 in Ramadan 2023.
- Total Sales Value: AED 32.6B, reflecting a 55% rise from AED 21B in 2023.
This strong performance demonstrates continued buyer interest, with investors actively closing deals throughout the holy month.
Property Prices on the Rise
- Average Sales Price: AED 2.65M in 2024, up 12% from AED 2.37M in 2023.
- Villa Prices: AED 9.85M in 2024, a 10% increase from AED 8.95M in 2023.
- Townhouse Prices: AED 3.11M in 2024, a 22% jump from AED 2.55M in 2023.
The luxury segment continues to attract high-net-worth buyers, with significant price appreciation in villas and townhouses.
Steady Growth in Price Per Square Foot
- Overall: AED 1,741 in 2024, up from AED 1,507 in 2023.
- Apartments: AED 1,821/sq ft in 2024.
- Townhouses: AED 1,169/sq ft in 2024.
These increases highlight sustained market demand, further dispelling the notion of Ramadan as a slow season for real estate.
Early Ramadan Momentum Fuels Activity
The first two weeks of Ramadan 2024 saw remarkable activity:
- Transactions: 5,608, up 28% from 2023.
- Total Sales Value: AED 14.8B, reflecting a 38% increase from the previous year.
Buyers moved quickly, capitalizing on special Ramadan promotions, competitive financing, and exclusive property deals.
Why Dubai’s Real Estate Thrives During Ramadan
- Exclusive Ramadan Offers: Developers introduce attractive incentives such as flexible payment plans, discounts, and fee waivers.
- Motivated Buyers: Serious investors remain engaged, leading to faster transaction closures.
- Investor Confidence: Dubai’s real estate market continues to appeal to global investors, proving Ramadan to be a high-activity period rather than a slowdown.
Ramadan 2025 Market Outlook
Based on current market trends and the momentum from March 2024, Ramadan 2025 is expected to set new benchmarks:
- Transaction Volume: Projected to reach 13,500, reflecting steady demand and seasonal promotions.
- Total Sales Value: Expected to hit AED 36B, driven by both luxury and mid-tier properties.
- Average Sales Price: Likely to rise to AED 2.7M, with villas reaching AED 10M.
- Price Per Square Foot: Anticipated to increase to AED 1,750 for apartments and AED 1,200 for townhouses.
With Dubai’s continuous infrastructure development, growing international reputation, and investor-friendly policies, Ramadan 2025 is poised to be another record-breaking season.
Ramadan: A Strategic Time for Real Estate Investment
Dubai’s real estate market remains dynamic and resilient during Ramadan. For sellers, it’s an ideal time to list properties, while buyers and investors can seize valuable opportunities before prices escalate further.
The bottom line? Ramadan isn’t a slow season for real estate—it’s a time of exceptional growth and opportunity.
