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- 1 Dubai’s Real Estate Boom During Ramadan: Why the Market Surges Instead of Slowing
Dubai’s Real Estate Boom During Ramadan: Why the Market Surges Instead of Slowing
Introduction
Contrary to popular belief, Dubai’s real estate market does not slow down during Ramadan—it thrives! With an increase in transactions, rising property prices, and exclusive Ramadan deals, this period presents a golden opportunity for buyers and investors. In this blog, we explore why Ramadan is a prime time for real estate investment in Dubai and how Evantis Realty can help you secure the best deals.
Why Dubai’s Real Estate Market Booms During Ramadan
1. Surge in Property Sales and Transactions
Recent market trends show that Ramadan fuels property sales rather than slowing them down. In 2024:
✅ 12,313 transactions were recorded—a 39% increase from Ramadan 2023.
✅ The total sales value reached AED 32.6B, up 55% from AED 21B in the previous year.
📌 What does this mean for buyers?
The market remains active, making it a great time to invest before prices rise further.
2. Rising Property Prices in Dubai
During Ramadan 2024, property prices continued to climb:
🏡 Villas: AED 9.85M (+10% from 2023)
🏘️ Townhouses: AED 3.11M (+22% from 2023)
🏢 Apartments: AED 2.65M (+12% from 2023)
📌 What does this mean for sellers?
If you own property in Dubai, this is a profitable time to list and sell at premium rates.
3. Price Per Square Foot Continues to Rise
Dubai’s real estate price per square foot also saw significant growth:
📈 Overall: AED 1,741/sq ft (up from AED 1,507 in 2023)
🏠 Townhouses: AED 1,169/sq ft
🏙️ Apartments: AED 1,821/sq ft
📌 What does this mean for investors?
Investing early in the season ensures higher capital appreciation as prices continue to rise.
4. Early-Season Momentum Keeps the Market Active
The first two weeks of Ramadan 2024 saw:
✅ 5,608 transactions (+28% from 2023)
✅ AED 14.8B in total sales (+38% from 2023)
📌 What does this mean for homebuyers?
If you’re planning to buy, securing a deal early in Ramadan is the best strategy.
Why Ramadan is a Golden Opportunity for Real Estate Investors
1. Exclusive Ramadan Deals and Discounts
Developers and sellers offer:
✔️ Flexible payment plans
✔️ Zero commission fees
✔️ Discounted property prices
These promotions create a favorable buying environment, making it the perfect time to invest.
2. More Serious Buyers, Faster Deals
Unlike other months, Ramadan sees:
🔹 More serious buyers who want to close deals quickly.
🔹 Less market noise, making negotiations easier.
This leads to faster transactions and better investment opportunities.
3. Strong Investor Confidence in Dubai’s Market
Dubai remains a top investment hub, and Ramadan has historically proven to be a season of strong property activity.
📌 Why choose Dubai?
✅ High rental yields
✅ Government-backed real estate regulations
✅ Expo-driven infrastructure growth
Predictions for Ramadan 2025: Even More Growth Ahead
With 2024’s record-breaking numbers, experts predict:
📊 13,500+ transactions
📊 AED 36B in sales
📊 Average villa price: AED 10M
📊 Price per sq ft: AED 1,750 (apartments), AED 1,200 (townhouses)
🚀 Key takeaway? The market will only grow stronger. Now is the best time to invest!
How Evantis Realty Can Help You Invest During Ramadan
At Evantis Realty, we specialize in:
🏡 Finding the best off-plan and ready properties
📊 Expert market analysis to maximize your investment
📑 Seamless buying process with exclusive Ramadan offers
Ready to invest in Dubai real estate this Ramadan? Contact us today!
📍 Phone: +971 54 480 9359
📧 Email: info@evantisrealty.com
🌍 Website: https://evantisrealty.com/
🏗️ Explore More Off-Plan Properties!
Evantis Realty is a leading real estate brokerage in Dubai, specializing in high-end properties across the city. With years of experience and a deep understanding of the market, Evantis Realty offers personalized service and expert advice to help clients navigate the dynamic Dubai real estate market with confidence.
