Dubai’s Real Estate Boom During Ramadan: Why the Market Surges Instead of Slowing

(MENAFN- Betterhomes) 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.

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