Ramadan has opened a window of opportunities for realty investors.
Ramadan has emerged as a “golden window” for property investment in Dubai. The holy month, traditionally associated with spiritual reflection and reduced business activity, is now witnessing a surge in realty transactions. Property transactions during Ramadan 2024 hit the roof by 39%, totaling 12,313 transactions compared to 8,846 in 2023.
This significant rise in transaction volume and value underscores a growing trend where investors capitalize on the unique market dynamics during this holy month. Total sales value during Ramadan 2024 touched AED 32.6 billion (i.e., a 55% increase from AED 21 billion in 2023). Analysts attribute this trend to significant factors like —
- During Ramadan, developers often introduce exclusive offers and flexible payment plans, making property investments more accessible.
- There is less buyer competition, more room for negotiation, and an increased chance of bagging better deals.
The figures from 2023 and 2024 show significant increases across key market indicators.
| Transaction Volume | Increased by 39% to 12,313 in Ramadan 2024 (up from 8,846 in 2023) |
| Total Sales Value | Rose by 55% to AED 32.6 billion in 2024, compared to AED 21 billion in 2023 |
| Average Sales Price | Increased to AED 2.65 million in 2024 (i.e., a 12% increase from AED 2.37 million in Ramadan 2023) |
Different property categories demonstrated varying degrees of appreciation. Price per square foot rose across all property types; the market average increased to AED 1,741 in 2024 from AED 1,507 in 2023.
| Property Type | Appreciation |
| Villas | Prices touched AED 9.85 million (i.e., a 10% increase from AED 8.95 million) |
| Townhouses | Prices soared AED 3.11 million from AED 2.55 millionPrices touched AED 1,169/square foot |
| Apartments | Prices peaked at AED 1,821/square foot |
The first fortnight of Ramadan 2024 witnessed the following —
- 5,608 transactions were recorded, 28% higher than the same period in 2023.
- Sales totaled AED 14.8 billion, 38% more than the comparable period in 2023.
Market analysts attribute this growth to developers offering special Ramadan deals like the following —
- flexible payment plans
- lucrative discounts
- fee waivers
Ramadan 2025 Realty Market Forecast
Analysts forecast continued growth, with Ramadan 2025 being a particularly active period for realty transactions.
- Transaction volume may reach approximately 13,500.
- Total sales value may hit AED 36 billion.
- The average sales price could rise to AED 2.7 million, with villas and townhouses dominating the property market. Villa prices could rise over 10% and peak at AED 10 million, while townhouse prices could rise by 22% and reach AED 3.11 million.
- Price/square foot may rise to AED 1,750 for apartments and AED 1,200 for townhouses.
Strategic opportunities and sustained buyer interest are the driving forces behind this boom in the property market in terms of —
- transaction volumes
- sales values
- property prices
For sellers, Ramadan is an optimal time to list properties, while buyers and investors can acquire prime assets before prices escalate. Savvy investors should consider timing their market entry to coincide with Ramadan 2025 to maximize their investment potential.
