Contrary to expectations, Dubai’s real estate market doesn’t slow down during Ramadan — it accelerates. Data from 2023 and 2024 show impressive growth in sales, prices, and investor confidence, proving that Ramadan is a prime time for property deals. Let’s break it down.
Big Gains in Sales and Transactions
- Total Transactions: 12,313 in 2024 — up 39% from 8,846 in Ramadan 2023.
- Total Sales Value: AED 32.6B in 2024 — a 55% increase from AED 21B in Ramadan 2023.
This surge highlights that property activity remains robust, with buyers and investors actively closing deals throughout the season.
Property Prices on the Rise
- Average Sales Price: AED 2.65M in 2024, up 12% from AED 2.37M in Ramadan 2023.
- Villa Prices: AED 9.85M in 2024, a 10% increase from AED 8.95M in Ramadan 2023.
- Townhouse Prices: AED 3.11M in 2024, jumping 22% from AED 2.55M in Ramadan 2023.
Luxury properties continue to attract high-net-worth buyers, with villas and townhouses showing significant price growth.
Price Per Square Foot Climbs
- 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 signal strong demand and a market that remains active, even during what some might assume is a quieter period.
Strong Start to the Season
The first two weeks of Ramadan 2024 were especially busy:
- Transactions: 5,608, up 28% from 2023.
- Total Sales: AED 14.8B, a 38% jump from 2023.
Buyers didn’t wait — early-season deals, special promotions, and attractive financing kept momentum high from the start.
Why Ramadan Fuels the Market
- Exclusive Ramadan Offers: Developers and sellers introduce incentives such as payment plans, discounts, and fee waivers, making it a prime window for buyers.
- Serious Buyers in the Market: The reduced overall market activity during Ramadan means that those engaging in property transactions are highly motivated, leading to quicker deal closures.
- Investor Confidence: Dubai’s real estate market remains a top choice for global investors, and Ramadan has proven to be a period of strong, sustained activity rather than a slowdown.
Predictions for Ramadan 2025
Taking into account the sustained momentum and the sales performance in March 2024, here are more grounded predictions for Ramadan 2025:
- Transaction Volume: Expected to reach around 13,500, reflecting steady demand and seasonal promotions.
- Total Sales Value: Projected to hit AED 36B, driven by a healthy mix of luxury and mid-tier properties.
- Average Sales Price: Likely to rise to approximately AED 2.7M, with villa prices reaching AED 10M.
- Price Per Square Foot: Expected to climb to AED 1,750 for apartments and AED 1,200 for townhouses, reflecting ongoing demand for quality living spaces.
With Dubai’s ongoing infrastructure development, growing international visibility, and investor-friendly policies, Ramadan 2025 is poised to be another record-breaking season.
Ramadan: A Golden Window for Real Estate
Dubai remains a top choice for global investors, and Ramadan has proven to be a dynamic period for real estate activity. Rather than slowing down, the market pulses with energy, driven by strategic opportunities and continued buyer interest.
For sellers, it’s a great time to list properties. For buyers and investors, Ramadan presents a chance to secure prime assets before prices rise even further.
The takeaway? Dubai’s real estate market doesn’t pause during Ramadan — it thrives.
