Real Estate

Dubai Property Market Thrives During Ramadan, With AED36 Billion in Sales Expected for 2025

The real estate market in Dubai experienced substantial growth during Ramadan as market expectations for a decrease proved wrong. The new report published by Betterhomes shows that Holy Month real estate trade and market value activities increased in 2023 and 2024 before projecting strong data for 2025.

The sacred month of Ramadan generates substantial impacts on real estate activity within Dubai.
Transaction activity in Ramadan 2024 experienced a 39% increase leading to 12,313 deals while the previous year had only 8,846. The rise in total sales value during the year exceeded expectations by 55% and reached AED32.6 billion while sales had stood at AED21 billion during the previous year.

The real estate market experienced important price increases across the board.

Average sales price: AED2.65 million in 2024 (+12%)
Villas: AED9.85 million (+10%)
Townhouses: AED3.11 million (+22%)
The cost of real estate space in September 2024 was calculated at AED1,741 per square foot whereas it was AED1,507 the previous year.
Projections for Ramadan 2025
Academic estimations show that the upcoming deals will total 13,500 transactions which will produce AED36 billion in total sales.

Average sales price: AED2.7 million
Villas: Expected to hit AED10 million
Apartments: AED1,750 per sq. ft., Townhouses: AED1,200 per sq. ft.
The period of Ramadan creates unusually strong interest in property investments.
During Ramadan real estate developers present extraordinary exclusive offers that let purchasers choose flexible payment options and obtain price reductions and exemption of fees. During Ramadan serious buying activity rises which accelerates property acquisition leading to an excellent period for investments.

The rising demand has led Dubai to maintain its position as a leading force in real estate industry attracting investors from across the world.

Victoria Dickinson

Victoria Dickinson is a seasoned journalist at Dubai.News, specializing in real estate and business news. With over a decade of experience in the industry, Victoria has a keen eye for market trends and an in-depth understanding of the economic factors influencing the real estate sector. Based in Dubai, she provides insightful analysis and comprehensive coverage of the region's dynamic property market, from luxury developments to emerging business hubs. Victoria's background in economics and finance, coupled with her passion for storytelling, allows her to deliver news that is both informative and engaging. Her articles not only inform but also help readers make well-informed decisions in the competitive real estate landscape. Outside of her professional work, Victoria enjoys exploring Dubai’s diverse neighborhoods and attending industry events to stay ahead of the latest developments.

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